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Earnings distributions commonly exhibit statistically significant discontinuities at zero earnings, which are widely interpreted as evidence of earnings management to avoid a loss.
Because married breadwinner/homemaker couples are taxed on their joint income, marriage to a full-time homemaker with zero earnings often puts a full-time breadwinner in a lower tax bracket.
The results are robust to this imputation of zero earnings.
It used to be that zero earnings visibility meant slumping stocks.
That's a high price for a company with zero earnings and 1997 revenue of $494 million.
In the log earnings specification, $1 is substituted for zero earnings prior to taking logs.
Similar(48)
Apple's last two earnings reports showed that it had finally hit a peak.
Typically, we have three earnings warnings for every company that raises its estimates.
The restatement by Xerox will be the second in two earnings years.
Page has spoken in each of Google's three earnings calls since the one he missed.
Centex's financial arm has given it "two earnings pistons, instead of one," he said.
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