Companies stop giving guidance – is this a good or a bad move?

In the world of running a public company one of the critical skills a CEO/CFO team used to have to have was the ability to set guidance for the "Street" - that is the sell side analysts who cover their stock and publish research and guidance to investors.Guidance was typically top line and bottom line, revenue and earnings and the street would come up with a consensus on what EPS (earnings per share) the company would earn in the following quarters - often based on complex models developed in the [...]