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Exact(21)
Excluding expenses from layoffs and write-downs, Corning said, it expected to lose 28 cents to 29 cents a share.
Profit, excluding expenses like stock-based compensation, was 7 cents a share, topping the 5centt average estimate from analysts in a Bloomberg survey.
CBS said it expected operating earnings to grow 3percentto5percentcent for 2008, excluding expenses for stock-based compensation.
That compares with a Feb. 15 forecast of a per-share loss of 4 cents and sales of $6.3 billion, excluding expenses like acquisition costs.
Sprint will earn $1.40 a share this year, excluding expenses related to the canceled Integrated On-Demand Network project, the company said.
Facebook, which operates the largest online social network, reported Wednesday that its profits doubled in the third quarter, to $621 million, after excluding expenses related to stock options.
Similar(39)
The daily deals site decided to exclude expenses like its marketing budget.
In broad terms, a pro forma financial result excludes expenses that a company deems "nonrecurring" or "one-time" expenses.
In its most recent brochure, the fine print describing the limits to "other" hospital services now defines what they are in a footnote on the same page and warns that the excluded expenses could be "significant".
At least that's the unintended implication of their asserted "pro forma" results that exclude expenses for advertising and other services paid for in stock.
In the past Amazon has tried to focus attention on pro forma earnings that excluded expenses that could be considered necessary and which should have been used to calculate EPS.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com