Catching up on some of last week's earnings reports & conference calls and it's just so obvious the lengths company managements & the feckless "analysts" that follow the companies go to spin horrible results in the midst of the worst economic collapse since the Great Depression.

One example from last week: semiconductor maker Analog Devices, which saw its stock jump 8% the day of its report& is currently UP 13% y/y in midst of a depression. At no time during the conf call did any ADI exec or analyst mention how much ADI's numbers revs & EPS dropped y/y

You wouldn't know it from the hour long conf. call or Analog Devices commentary in the press release, but ADI's sales fell 14% Y/Y & EPS slid 27%. The only reference to these numbers was in a table in the press release. The focus was on the comparison to the (lowered) guidance.

How bad was ADI's quarter really?So bad that ADI is slashing capex spending "meaningfully in the SECOND HALF" of 2020. So bad ADI "suspended our share repurchase program midway through the quarter." So bad "we've already frozen hiring,we've essentially got travel at 0,(continued)

we've exited consultants and any discretionary contractors. And perhaps most impactful is we've deferred our merit increase" Worse yet, ADI's business slumped as the quarter ended as a pickup in ADI's China biz in March ebbed: ADI's CFO: "So April was soft, continued into May"

Credit Suisse analyst asked the 1st question on ADI's conference call & prefaced it: "Congratulations on the solid results given the backdrop." Later in the Q&A from Goldman Sachs analyst: "Congrats on the strong results." Double-digit declines in sales & EPS Y/Y are NOT "strong"