Companies are sticking to a practice that Warren Buffett and other business titans warn is damaging the economy

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  • Berkshire Hathaway CEO Warren Buffett has long decried Wall Street’s habit of providing quarterly earnings guidance.
  • But last year, S&P 500 companies issued forward guidance at the highest rate since 2008, according to a report by S&P Global Market Intelligence.
  • Executives have made fewer forecasts this year amid more calls to do away with the practice.