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The idea of core earnings has also earned at least one influential fan.
The Standard & Poor's Corporation will release today its calculations of "core earnings," as it defines them.
In terms of core earnings, it expected earnings of $6.50 to $6.65 a share for 2013.
Robert Kelly, First Union's chief financial officer, said earnings in 2001 would probably increase less than 10percentt from the $2.43 a share of core earnings -- which exclude businesses that were sold in the last year -- posted in 2000.
This week, Standard & Poor's created a stir when it announced a new definition of "core earnings" that would include items such as the estimated cost of stock options that companies prefer to leave out.
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Analysts were looking for core earnings of 93 cents a share for the third quarter, up 10.7percentt from 84 cents a share a year earlier, Thomson First Call said.
But while they may not be happy about it, many companies are nonetheless adopting some of the ideas central to core earnings.
For the year, the company expects increases of 4percentto6percentcent for sales and 12 to 13percentt for core earnings.
He said second-quarter results were consistent with the company's unchanged forecast of 2013 core earnings of $3.25 to $3.45 a share.
Extra earnings in the fund -- as most companies had in the late 1990's -- are not credited to core earnings.
The auditor said EDF's rate of return (core earnings over revenue) on foreign projects was just 12% in 2014, compared with 30.6% in France, and had been falling since 2009.
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