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Posted 07/08/2016 6:26 pm
Quote:
When a company make a change like this - spin off, purchase, etc. - they go back and create an unaudited, pro-forma, financial report to allow apples-to-apples comparisions.
When a company make a change like this - spin off, purchase, etc. - they go back and create an unaudited, pro-forma, financial report to allow apples-to-apples comparisions.
That is true but not in the case of the Wall Street Journal's data reporting in the article cited. ebay by itself did not net almost $1 billion in 4Q14 as is implied by "......Profit dropped by more than half to $477 million."
ebay and Paypal combined made $966 million in 4Q14. Here's the release from Jan. 2015 when they were one company. http://www.businesswire.com/news/ho...Year-Results
The WSJ resorts to sensationalism like other media.
ANA #R3154474
Edited by BH1964
07/08/2016 6:26 pm
07/08/2016 6:26 pm
