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warren buffett

Acceptable Use of Adjusted Financial Metrics by (Warren Buffett)

When companies report earnings, they have the option to report ‘adjusted earnings-per-share’, which generally backs out one-time expenses such as: Restructuring charges Severance packages One-time tax liabilities And other metrics that are perceived to impede comparability to previous fiscal years. Including adjusted earnings in shareholder reports is completely optional.  However, the proportion of companies who […]