America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Tunica Albuginea who wrote (3768)	1/28/1999 12:47:00 AM
From: Jack T. Pearson	Read Replies (3) of 41369

"Because the Company's tax provision continues to be substantially offset by utilization of its net operating loss carryforward, reported net income for the quarter totaled $121 million, or $0.22 per share on a diluted basis, as compared with $33 million, or $0.06 per share on the same basis in last year's corresponding quarter." I think this means that the earnings depend on whether or not you offset taxes with prior year losses that are carried forward. If you ignore the taxes offset from prior years, you have earnings of $0.17. The estimates by the analysts ($0.14) are calculated ignoring the taxes offset.

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