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Stockwatch: No Earnings Disappointments Are The New Black

Executive Summary

As the first-quarter 2016 earnings season got underway for life science companies last week expectations were not high. In the event the first week of announcements was not as bad as many had feared. The stock market typically over-reacts to both good and bad news so in the absence of a wholesale missing of analysts' consensus estimates, by Thursday April 21, the market had gotten a little ahead of itself.

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