Financial statements

Generally, the call will begin with a company official reading a safe harbor statement to limit the company's liability should the future prove different from that stated in the discussion. Then one or more company officials, often including the Chief executive officer and Chief financial officer will discuss the operational results and financial statements for the period just ended and their outlook for the future.

The teleconference will then be opened for questions by investors, financial analysts, and other call participants. Management will answer many of these questions, although if the data is not available to them they may decline or defer response. Depending on the size and complexity of the company, the difference between actual and expected results, and other factors, the length of the call will vary.

There is no general requirement for how far in advance notice of a call must be given. However, keeping the investor and analyst communities happy is part of management's job, so the call will generally be announced a few days or weeks in advance. If the company has a website, there will probably be a section titled Investor Relations or Investors - this is the most likely part of their website to contain both call schedules and archived past calls.

Many companies are tracked by financial analysts that publish estimates of earnings per share. The company may also provide guidance as to what earnings per share are likely to be. If management knows that its results are going to be significiantly different from its guidance or from analyst expectations, it may choose to make a preannouncement of differing results.