Excluding non-recurring items

[Joab]

Can someone explain this term to me in English please.

In the context of earnings

"Excluding non-recurring items"


Thanks

 

[Big AAPL]

...one time tax charge

...asset acquisiion

...IOW not part of normal perodic business expenses

 

[Joab]

Quote from Big AAPL:

...one time tax charge

...asset acquisiion

...IOW not part of normal perodic business expenses

Thanks,

So in the context of a good number (beats consensus) and Excluding non-recurring items the company could really have made nothing that quarter ???

 

[Big AAPL]

That can be true in some respects, but a more thorough investigation into the company's finances are in order. The street tends to overlook unusual one time charges if the "core" results are in line with analysts projections.

 

[dtrader98]

Welcome to wall street accounting.
You'll rarely see excluding one time gains, however.

 

[Joab]

Quote from dtrader98:

Welcome to wall street accounting.
You'll rarely see excluding one time gains, however.

LOL

Thanks guys, I think threads like this are what we need more of in ET.

 

[nutmeg]

"You'll rarely see excluding one time gains, however."

One time gains are reported as non GAAP figures to "show a clearer picture of operations"