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Article: Standard & Poor's Core Earnings Figures Released for the S&P 500.
- Article from:
- PR Newswire
- Article date:
- October 24, 2002
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New Earnings Definition Indicates Lower EPS Results than As-Reported Earnings with Pension Expenses a Major Factor
Standard & Poor's, the independent financial research and ratings leader, today announced that Standard & Poor's Core Earnings for the S&P 500 Index for the 12 months ended June 2002 were $18.48 per share compared to as-reported earnings per share (EPS) of $26.74.* Standard & Poor's Core Earnings were also released for all S&P 500 companies and 10 industry sectors.
Standard & Poor's Core Earnings focuses on a company's after-tax earnings generated from its principal businesses. Standard & Poor's examination of the S&P 500 data showed that ...