GAAP earnings as a percentage of reported (pro-forma) earnings

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Sun Feb 3 14:31:41 PST 2002


http://makethemaccountable.com/podvin/media/020203_MissingOverall.htm http://www.smartstockinvestor.com/commentary.html

Kirsten came up with these two gems recently; here's a teaser from the 2nd one:


> For the first three quarters of 2001, the one hundred companies that
> make up the NASDAQ 100 reported $82.3 billion in combined losses to
> the Securities and Exchange Commission (SEC). For the same period,
> these companies reported $19.1 billion in combined profits to
> shareholders via headline, "pro forma" earnings reports-a difference
> of $101.4 billion or over $1 billion per company.

/jordan



More information about the lbo-talk mailing list