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After the books closed

After the books closed: the quarter's biggest news happened too late to be in the numbers

Calls Tested
497
Answered YES
13
Hit Rate
2.6%
rare by design

Liberty Global's (LBTYK) — this company's answers

NO on the Q1 2016 call 2016-05-10 C+
The model's full reasoning — Q1 2016 call → NO我们根据提供的财报电话会议记录,判断管理层是否报告了最重要的积极发展发生在报告期结束或之后,且这些发展对报告结果影响很小或没有影响,管理层自己强调了这种时间安排。 在电话会议中,Mike Fries 提到:“We doubled our net ads versus last year. We exceeded our own internal expectations, pretty considerably.” 这是关于订阅用户增长的积极消息,但并未明确说明这些增长发生在季度末或之后。 关于新建设计划,Mike 说:“our plans to build 1.5 million new homes in 2016 are right on track.” 并提到“Project Lightning results at Virgin, are very encouraging”,但未强调时间在季度末。 关于Cable & Wireless收购,Mike 说:“The cable and wireless acquisition will close next week.” 这是发生在季度结束后的重要事件,但这是收购,不是本季度内的运营结果。管理层提到“we are excited to kick start the integration”,但并未说这影响了本季度报告。 关于Liberty Go计划,Mike 说:“we are definitely at go” 并提到“you should expect to see tangible benefits to begin flowing here in the second half of this year.” 这是未来预期,不是已发生的。 关于价格上调,Mike 说:“we took price increases across two-thirds of our customer base in the first quarter.” 这是本季度内发生的,但未强调时间在季度末。 关于移动业务,Mike 说:“we had 100,000 postpaid mobile subs organically in Q1”,这是本季度内的。 关于B2B,Mike 说:“B2B, which grew revenue 10% in the first quarter”,也是本季度内的。 关于Cable & Wireless,Mike 说:“On the eve of closing the transition”,但这是收购,不是运营结果。 在Bernie的财务部分,他提到“we had negative free cash flow of $85 million in the quarter, but that was due, among other things, to the timing of working capital and some vendor financing issues.” 这是解释现金流,不是积极发展。 关于新建设,Mike 说:“We added 210,000 new build homes in the first quarter.” 这是本季度内的。 关于Liberty Go,Mike 说:“we are definitely at go” 但未强调时间。 在问答环节,有分析师问关于新建设,Mike 说:“we're going to ramp every quarter from here until the end of 2018.” 这是未来计划。 关于Cable & Wireless,Mike 说:“The cable and wireless acquisition will close next week.” 这是季度后的事件,但管理层并未说这影响了本季度结果。 管理层在总结时说:“we are reconfirming all of our guidance targets today.” 并提到“we will be back in the market with share repurchases” 这是未来。 整体来看,管理层没有明确说最重要的积极发展发生在季度末或之后,也没有说这些发展对报告结果影响很小。他们提到了一些未来计划,但未强调时间安排。因此,答案应为NO。

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Show the exact prompt the model was given
Using ONLY the supplied earnings call transcript and no outside information: On this call, does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented contain little or none of their effect — with management itself marking the timing? Answer YES when management's own words convey, in whatever form fits the business, ONE coherent situation with BOTH halves present: (1) LATE-BREAKING, CONCRETE POSITIVE EVENTS. Management points to specific favorable developments that actually occurred near the end of the reported period or in the weeks since it closed — real events, not hopes or pipeline. The events may take whatever form fits the industry: a contract, order, customer, or program signed or won late in the period or after quarter-end; a facility, location, product, or service that opened, launched, or shipped its first volumes in the final stretch or just afterward; an approval, certification, or qualification obtained late that has already begun converting into business; a large customer that went live, began ordering, or expanded right at the close or since; an acquisition or capability completed at or after period-end that is now operating. What matters is that management itself anchors the timing — saying in substance 'late in the quarter,' 'in the final weeks,' 'at the very end of the period,' 'since quarter-end,' 'subsequent to the close,' 'just after the period ended,' or equivalent — for events that are described as done or now happening, not merely expected. (2) MANAGEMENT TREATS THEM AS THE REAL STORY THE NUMBERS MISSED. Management conveys, directly or plainly in substance, that because of this timing the reported results reflect little or none of these developments — and treats them as consequential to where the company is now heading, for example by discussing how they will contribute in coming periods, how the company is now delivering or ramping them, or by contrasting the period's reported figures with the level of business the company is already doing as it exits. The late events should be presented as meaningful relative to the company's current size — capable of changing its trajectory — rather than as routine items in a long list. Answer NO if the period's positive developments are described as spread across the quarter in the ordinary way, with no emphasis on late or post-period timing. NO if the late-dated items are only letters of intent, negotiations, pipeline, expected signings, or events still contingent on approvals, financing, or decisions not yet made. NO if the late events are routine in scale for this company — the normal cadence of wins or openings it always reports — with no sense that they change its level of business. NO if management mentions timing only as an excuse for weak results without concrete late-arriving positives now in hand. NO if the post-period mention is a boilerplate subsequent-events disclosure that management does not connect to the company's trajectory. NO if the timing framing appears only in an analyst's question or model that management does not itself affirm. Use only the supplied transcript. Answer only YES or NO.

Companies that answered YES

TickerCompanyCallDateCall grade
ASM Avino Silver & Gold Mines Ltd. Q4 2023 2024-03-21 C+
KOPN Kopin Corporation Q4 2023 2024-03-14 C+
SCPH scPharmaceuticals Inc. Q3 2023 2023-11-08 B
NBTX Nanobiotix S.A. Q2 2023 2023-09-27 D
SWBI Smith & Wesson Brands, Inc. Q1 2023 2022-09-08 C+
YMM Full Truck Alliance Co. Ltd. Q2 2022 2022-08-25 C+
VNRX VolitionRx Limited Q1 2022 2022-05-12 F
OPK OPKO Health, Inc. Q1 2022 2022-05-09 D
BFIN BankFinancial Corporation Q1 2022 2022-05-06 A
RNW ReNew Energy Global Plc Q2 2022 2021-11-18 C
BFI BurgerFi International, Inc. Q3 2021 2021-11-12 C
LIND Lindblad Expeditions Holdings, Inc. Q2 2017 2017-08-06 C
PLAB Photronics, Inc. Q2 2017 2017-05-17 C+

How the model reasoned

OPK · Q1 2022 → YESThe question is: Does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented...YES The transcript shows management treating the ModeX acquisition (announced and closed on the call date, May 9) and the Sema4/GeneDx deal (closed April 29) as major positive developments that occurred after the Q1 period ended. These are framed as key steps toward unlocking value and are highlighted as the "exciting announcement" that changed the call format.
RNW · Q2 2022 → YESThe question is: Does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented...YES The transcript shows management explicitly marking the timing of key positive developments: 400 MW commissioned "since the end of the quarter" (bringing operating capacity to 7 GW today, with another 400 MW scheduled "over the next couple of weeks"), plus the completed Telangana acquisition adding 260 MW.
ASM · Q4 2023 → YESThe question is: Does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented...

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Not investment advice. Artul.ai publishes AI-generated earnings-call quality grades and expected-volatility estimates — never buy or sell recommendations. We tested over 1,600 predictive hypotheses against 165,000 transcripts; the honest result, including what failed, is documented in our methodology.