A few that you hear on CNBC all the time
"Earnings missed estimates."
No. Earnings don’t miss estimates; estimates miss earnings. No one ever says “the weather missed estimates.” They blame the weatherman for getting it wrong. Finance is the only industry where people blame their poor forecasting skills on reality.
"Earnings met expectations, but analysts were looking for a beat."
If you’re expecting earnings to beat expectations, you don’t know what the word “expectations” means.