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In the Phrase "the firm was trading 96 times trailing earnings..." Can I understand "trailing earnings" as "expected earnings"?

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Trailing earnings are past earnings. Generally, the earnings per share for a firm's most recently completed fiscal year.
So, was the author comparing 2011 with 2010, for example?
Probably. The sentence is saying that the shares were currently trading a 96 times what they were in the last fiscal year.

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Ok. Thanks for the clue. By the way, I´m getting 3000 unknown words. I think that 3000 words provide a good understanding about a language. What do you think about?
What do you mean by you are getting 3000 unknown words? You mean you have learned them?
When I was reading in english there are some words that I dont know. I get those words and put them in a paper (I call it "my dictionary") to read them after.
I see. Wow. 3000, that's a lot. Good work!
Ok. Friend. I must go now. It was very nice to meet you. You taught me so much. See you later.
Come back and hang out again soon.
you too.
I'm always here lol

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