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Strategies & Market Trends : Classic TA Workplace
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To: The Freep who wrote (25443)12/17/2001 7:58:10 PM
From: Les H  Read Replies (2) of 209892
 
For 2002, GE expects earnings of $1.65 to $1.67 per share, which includes a gain of 4 cents to 6 cents per share for the effect of a change in accounting for goodwill and a lower estimate of long-term returns on pension assets.

First Call uses the pro forma operating estimates and companies report them so long as pro forma benefits them. Comparing the above GAAP projection to the pro forma estimate results in the gain.
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