Most earnings call summaries are useless. They tell you what was said. They never tell you what changed.
A summary flattens the one signal that matters. The disciplined read is a comparison, this quarter against last, prepared remarks against the live Q&A.
Feed Claude the transcript and the prior quarter's transcript. Then give it a job, not a wish:
-> Deltas: list what management says is different vs last quarter, in their own words, with the line cited. -> Contradictions: flag where the Q&A walks back or softens anything in the prepared statement. -> Risk language: pull only the risk or hedge wording that is new or reworded, not the boilerplate that repeats every call. -> Dodges: list every analyst question that got a non-answer, and what was asked.
Classify every line positive, negative, or unclear. Unclear is a real answer. It goes on your follow-up list.
What Claude is not doing: deciding if the changes are good, what the company is worth, or whether you do anything. That is your assumption set, not its output.
Claude builds the read. You own the thesis.
Save this and run it on the next call.
Educational content only. Not investment advice, and not a recommendation to buy, sell, or hold any security. Wall Street Prompt. Always verify against the official transcript.