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"Expense lines growing.
We believe this 'holistic' approach to earnings growth, which uses tax rate management and share buybacks in addition to levers on the revenue, gross margin and operating expense lines, provides opportunity for the company to drive upside to our current $1.92 EPS estimate for fiscal 2007".
Funds for Collins' $6 million budget request for the zoo would come from several leftover revenue and expense lines in the 2011 budget, including stimulus funds, a fringe benefits line in the District Attorney's Office and money that had been set aside for the state's Safety Net program, among other funding sources.
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"We are going to become a competitive company at the expense line, at the underwriting line," he told the investors and analysts in New York.
But, Mr. Doke continued, "Obviously labor is a major expense line in this company, and we're going to have at some solutions to get us closer to the $3 billion to $4 billion target that will make us competitive".
The problem, however, is that the company — so revered in the industry for tight cost control — failed to produce a corresponding reduction in the expense line, which fell just 42percentt.
The reserve is budgeted as an expense line, in reserve for unforeseen expenses or revenue shortfalls.
For one thing, it transpired that Vanguard figured a higher annual expense line using the figures we gave them.
Maybe even more important, it won't be as easy for companies to control the expense line to make up for the loss of top-line revenues.
Remember, America's corporate world learned how to make itself rich this cycle through stock options, which held down the salary expense line.
As FORBES has pointed out, this depressed the total salary expense line in the income statement, further diminishing the quality of reported earnings.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com