The result has been lousy operating earnings for property owners and thus falling prices.
Reported earnings are somewhat different than operating earnings, which was highlighted in my last article.
And interest costs would be roughly 1x operating earnings, which would guarantee a mammoth equity raising.
Take them out of the equation and you find Citi going for four times operating earnings.
Once again, Motorola blamed disappointing sales and operating earnings in the company's core mobile device business.
It contributed 26% of revenues last year and more than 34% of operating earnings.
Its operating earnings grew 35% between 2006 and 2010, and its share price gained almost 30%.
MetLife recently announced guidance for 2011, citing an expectation for 38% growth in operating earnings.
The problem is that official (GAAP) accounting rules allow companies to obfuscate their true operating earnings.
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Operating earnings for the Financial Services and Rialto Investment segments also improved from the prior-year period.
That is the ratio of enterprise value (market value plus debt less cash) to operating earnings (Ebitda).
But so-called operating earnings--those tracked by analysts--dropped in the fourth quarter by 12%, to 43 cents per share.
The company said that adjusted earnings benefitted from higher mine operating earnings and more favorable realized gold prices.
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Dominion recently announced a new dividend policy that will give 60% to 65% of operating earnings to shareholders.
As a measure of valuation, Segarra uses the operating earnings yield (the inverse of the price-operating earnings ratio).
He fed Wall Street some macho goals: 10% sales growth and 15% operating earnings growth, compounded annually through 2001.
Analysts are forecasting 6% sales growth and 8% operating earnings growth for 1999.
Operating earnings are less vulnerable to the economy, barring a free fall setting.
This broad rule enables companies to hide long-lived asset impairments in operating earnings.
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Operating earnings for the first half of the year were down 19% as declining sales were observed across the industry.
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For the year, Kraft expects organic net revenue to grow about 5% and operating earnings per share to expand 9%.
Since 2008, operating earnings have grown at a compounded rate of 21.5%.
Geico, more or less, holds under 40 percent of corporate operating earnings.
It said the acquisition should add about 5 cents per share to its operating earnings this year and 15 cents per share next year.
However, our focus is on medical care ratio, which was the main driver of a surprising double-digit jump in operating earnings, in Q3 2012.
According to Segarra, Oshkosh has an operating earnings yield of 6% and ranks above 71% of the other companies in the Ford universe of stocks.
Operating earnings may help us focus on what drives a company.
"GE remains confident that 2001, with or without Honeywell, will be another record year of double digit operating earnings growth, " said the firm in a statement.
This year, overall revenue is expected to grow 4% and, the big charge for writing down the digital business aside, operating earnings are rising more swiftly.
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Peak operating earnings is either 12-month trailing operating earnings when they are at a high or the highest past 12-month trailing operating earnings when they are not.
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