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As the recession grew, the wealthy were finding new ways of encouraging poverty by keeping the poor on zero-hours contracts whose average hourly rates were 40% below the "normal" earnings for the work.
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Holiday pay must now reflect the worker's actual normal earnings rather than just basic salary.
Construction firms make above normal earnings in economic upswings and when the economy turns downwards the governments have their projects done at below normal rates.
Normal "earnings management" slid into fraud.
It was much below the normal range".
7. When earnings fall below expectations, the normal market adjustment is for the supply of new entrants to decline until an equilibrium is reestablished.
Below are the earnings slides for the quarter.
These days it trades at 37 times earnings, vastly below the 221 times earnings at its peak.
The guidance is still well below the year-ago earnings of $1.58 per share".
On Friday, Microsoft was 6.4percentt below the pre-earnings announcement level.
Greg Ghodsi: Even though the earnings are below last year, the earnings beat was significant.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com