/29/2015 4 Earnings Distributions (3) • Earnings Forecasts (Burgstahler and Eames, 2006) 6/29/2015 5 Motivation • Markets assign rewards (penalties) for firms with meeting or beating (missing) these

A String of Earnings Increases, Future Earnings Uncertainty, and Firm Fundamentals* Sarayut Rueangsuwan † Kasetsart University, Thailand August 2015 Abstract Prior literature on meeting or beating

with significant long-term growth potentials. Overcoming challenges, Nirvana underwent a reverse acquisition in January 2017 and it is now incorporated and listed in mai under NVD. The Company’s landed

2015, whereby Singha Estate invested in Nirvana, a mid-sized housing development company with significant long-term growth potentials. Overcoming challenges, Nirvana underwent a reverse acquisition in

fuelling infrastructure, limited range and cost of components such as batteries. Overcoming these barriers requires innovations and economies of scale that can only be driven by more certain and widespread