With current publicity about company officers and analysts under investigation, are we ready yet to trust pro forma numbers?
From JDSU's earnings report on Thursday last week:
"The Company reported a GAAP loss of $4.3 billion, or $3.19 per share, for the third quarter ended March 30, 2002. On a pro forma basis, excluding reduction of goodwill and other long-lived assets, post-acquisition adjustments to the value of inventory, amortization of purchased intangibles, stock-based compensation charges, payroll taxes on stock option exercises, and gains and losses on investments, the Company reported a loss of $66 million, or $0.05 per share for the quarter." |
