Non-GAAP net income and non-GAAP EPS exclude the expenses noted above, net of the related tax benefits, as well as net income from discontinued operations.
Its earnings report reflects this with the results of the luxury brand segment treated as discontinued operations for accounting and reporting purposes, the company said.
The caveats included that the results and comparisons were affected primarily by higher aluminum prices and steep charges for discontinued operations in the prior year.
Non-GAAP net income and non-GAAP EPS exclude the expenses noted above, net of the related tax benefits, as well as net loss from discontinued operations.
Excluding discontinued operations, adjusted earnings came to 64 cents per share.
For example, as of this writing, a majority of Wall Street analysts who cover Google have not reflected the Home business as discontinued operations in their estimates.
FORBES: Google Says Analysts' Estimates Might Not Tell Fourth-Quarter Earnings Story
Following the announcement of the sale of the Rovi Entertainment Store (which was classified as discontinued operations), the company restated its results for the first three quarters of 2012.
Earnings per share have risen at an average 11% rate, excluding discontinued operations, since he took over, but slipped below 9% last year as Cooper struggled with flagging demand in Asia and the implementation of an SAP software system in its Power Systems division.
Other factors relate to discontinued operations (booking a one-time gain from selling a business is bad), corporate governance (companies get black marks for having poison pills), inventory (if it piles up faster than sales, then business may be weakening) and free cash flow (a declining number is bad).
As Sony concentrates its mobile phone business on the area of smartphones, the operations currently being carried out at the Minokamo Site relating to mobile phones will be partially discontinued and partially transferred to Sony EMCS Corp.
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