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Strategies & Market Trends : Dividend investing for retirement

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To: chowder who wrote (13446)12/15/2012 7:32:57 PM
From: Triffin  Read Replies (1) of 34328
 
RE: D earnings discrepancies ..

I think some of our data sources maybe mixing
"operating earnings" vs "GAAP earnings"

From Dominion's 3rd Q earnings release ..


Oct 25, 2012


RICHMOND, Va., Oct. 25, 2012 / PRNewswire/ -- Dominion (NYSE: D) today announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (GAAP) for the three months ended Sept. 30, 2012, of $209 million ($0.36 per share), compared with reported earnings of $392 million ($0.69 per share) for the same period in 2011.

Operating earnings for the three months ended Sept. 30, 2012, amounted to $526 million ($0.92 per share), compared to original operating earnings of $541 million ($0.95 per share) for the same period in 2011. Operating earnings are defined as reported (GAAP) earnings adjusted for certain items.



Yahoo probably used the GAAP earnings of $0.36 for the quarter rather than the $0.92 in
operating earnings .. That would account for the higher payout ratio that they show ..

Triff ..
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