In our context, however, one needs additional justification for excluding items from the survey, than simply observing insignificant correlations, for two reasons.
The company, based in Whitehouse Station, N.J., reaffirmed its outlook for 2007 profit, excluding items, of $3.08 to $3.14 a share.
Basically, four criteria were used for excluding items, namely: (a) Item impairs or has a negative impact on factor's internal consistency, (b) item presents too little of an interpretative consistency to be kept for the factor, (c) significant loadings in more than one factor (difference lower than 0.50 in intrafactor loadings), and (d) content redundancy among items of a same factor.
Looking ahead, ConAgra raised its full-year profit forecast to $1.70 per share, excluding items, up from prior guidance for $1.63 to $1.66.
On its earnings conference call, the company forecast profit of 10 cents to 11 cents a share, excluding items, on revenue of $24.0 million to $25.0 million for the second quarter.
Because items 26 ('Frowning and grimacing') and 43 ('Smiles for any reason') are noted by both Schnakers et al 20 and the RCP guidelines to be potentially out of order in the hierarchy, 1 we also recorded the 'MAB excluding items 26 and 43' (MAB-Ex) for each WHIM rating, in addition to the MAB and TNB.
The firm announced first-quarter earnings of 82 cents per share (excluding items), beating the Street's forecast for a profit of 79 cents per share.
A detailed rationale for keeping or excluding items after the pilot study stage is provided elsewhere [ 15].
The meeting agenda included: a review of relevant evidence, discussion of the rationale for including or excluding items in a PRO reporting standards checklist from the point of view of the multiple stakeholders at the table, anonymous voting on the proposed standards, the development of a draft CONSORT extension, and the development of a knowledge translation and dissemination strategy [ 13, 14].
