Pro Forma Puff Jobs 12.09.02 (Free registration required.) Investors are clamoring for straight talk about profits.
But in 1998 and 1999, they found, pro forma earnings had crept into 72%.
The analyst says the stock is trading at 12x pro forma EPS, near a trough valuation.
In research reports, GAAP results often take a back seat to pro forma results.
FORBES: How GAAP Accounting Rules May Be Damaging To Investors
Pro forma profits of 63 cents a share topped the Street consensus at 61 cents.
People sort of thought that the re-nomination of Peter Pace was going to be pro forma.
The profit is a "pro forma" number, which means throwing out the bad stuff.
Pro forma EPS was 45 cents a share, ahead of the Street at 41 cents.
Of late, companies have been playing new tricks with an old tool--"pro forma" results.
Sometimes these massaged numbers are called pro forma, other times "adjusted" or "ongoing" results.
Pursuant to that agreement, no business was to be conducted during those pro forma sessions.
Moreover, important Senate business was conducted on at least 2 occasions during those pro forma sessions.
On a pro forma basis adjusting for the acquisition of NBCUniversal, revenue was up 9.6%.
And investors saw a growing number of companies using fake pro forma numbers to pump up their earnings releases.
Nevertheless, a stunning 81% of these profit-challenged companies put themselves in the black using pro forma calculations.
Pro forma profits of 94 cents a share were well ahead of the Street at 68 cents.
FORBES: Computer Sciences Reduces Full Year Outlook; Shrs Slide
Some oversensitive people interpret the ad as China-bashing, and the Chinese government issued a pro forma denunciation.
FORBES: Voters Fear Bankruptcy Of U.S. Government, Pols Don't Care
Only a handful had large mergers that would justify using pro forma comparisons in the old sense.
However, pro forma profits of 63 cents a share were shy of the 66 cents analysts had expected.
FORBES: Garmin Whacked On Mixed Q2, Disappointing EPS Guidance
This projected revenue upside also lifts our pro forma EPS ahead of expectations.
FORBES: eBay: Needham Sets Buy Rating; Bernstein Boost Target
Avnet said revenue was up 3.6% on a pro forma basis adjusting for acquisitions, and flat adjusting for currency.
FORBES: Avnet FY Q1 Revs In Line; EPS Slightly Light; Strong Guidance
Pro forma profits of 43 cents a share likewise came in well ahead of the Street at 33 cents.
"He showed us EBITDA, pro forma projections, " says Singer in a private session among members after the 15-minute pitch.
Together these new outfits would account for 30% of McDonald's U.S. sales growth next year on a pro forma basis.
Normally, candidates would be selected by higher-level party leaders with just a pro forma show of endorsement by ordinary members.
In their campaign to discredit GAAP, the pro forma companies have almost completely won over the analysts on Wall Street.
The White House argued that the pro forma sessions some lasting less than a minute were a sham.
Putting this behind us removes earnings volatility and meaningfully improves our pro forma Tier 1 Common ratio under Basel III.
FORBES: Morgan Stanley Settles MBIA Suits, Will Take $1.8B Hit
The company saw weak results in Europe, where revenue on a pro forma, currency adjusted basis fell 12.5% year over year.
FORBES: Avnet FY Q1 Revs In Line; EPS Slightly Light; Strong Guidance
For VeriSign and United Airlines parent UAL, the difference between GAAP profit and pro forma profit was nearly triple the market capitalization.
应用推荐