It's getting close to one of the peak seasons for financial earnings calls. If you're not familiar with financial earnings calls, a financial earnings call is a conference call in which a public company announces their earnings results from the prior quarter and/or year.
These calls generally follow a specific format. A Safe Harbor statement is read at the beginning to shield the company from any liability should forward-looking statements differ from actual future results. Then the CEO will speak for a while, usually followed by the CFO giving a presentation on the specific financial numbers. Often the CEO will come back and speak briefly on the company outlook and target numbers for the future. Then the call is opened up for questions in what is referred as the Q&A or question-and-answer session. This gives analysts and shareholders the opportunity to ask the management questions about the results, rumors, their outlook, etc. Most companies try to keep the calls under an hour, and I've been told by CallStreet that an average call lasts 52 minutes.
Generally the turnaround time on earnings calls is very quick. The three of us have an extensive amount of experience with these types of files, so we have amassed a large number of shortcuts to increase our speed. We'll be posting these shortcuts on an ongoing basis, so please check back. Even if you don't transcribe earnings calls, we've found that many of these shortcuts can be used in our general work, as well.
Today we'll start with shortcuts pertaining to dates, quarters, etc.
| Shortcut | Output |
|---|---|
| oo | '01 |
| ot | '02 |
| oth | '03 |
| ofo | '04 |
| ofi | '05 |
| os | '06 |
| ose | '07 |
| oe | '08 |
| oni | '09 |
| te | '10 |
| fiq | first quarter |
| fiq/ | first-quarter |
| foq | fourth quarter |
| foq/ | fourth-quarter |
| lq | last quarter |
| lq/ | last-quarter |
| ly | last year |
| ly/ | last-year |
| pq | prior quarter |
| pq/ | prior-quarter |
| py | prior year |
| py/ | prior-year |
| q1 | Q1 |
| q2 | Q2 |
| q3 | Q3 |
| q4 | Q4 |
| qoq | quarter over quarter |
| qoq/ | quarter-over-quarter |
| qtr | quarter |
| qtrs | quarters |
| qtrl | quarterly |
| qtd | quarter to date |
| qtd/ | quarter-to-date |
| qtq | quarter to quarter |
| qtq/ | quarter-to-quarter |
| sq | second quarter |
| sq/ | second-quarter |
| tq | third quarter |
| tq/ | third-quarter |
| yoy | year over year |
| yoy/ | year-over-year |
| ytd | year to date |
| ytd/ | year-to-date |
In case you're wondering what the reasoning is behind the hyphenated words, it's because when these phrases are used as a noun they are not hyphenated, but when they're used as an adjective, they would be hyphenated. We'll delve into further discussion on this topic in a later post.
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