FigureĀ 1
FigureĀ 1 Refer to the image caption for details.

Difference in the number of observations that barely beat and barely missed the consensus analyst forecast. Of the 59,503 firm-year observations from our sample with reported earnings per share within 15 cents of the consensus analyst forecast, 6,870 beat the forecast by 1 cent or less while only 3,112 missed it by 1 cent or less

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