Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

What's Wrong With This Profit Picture?


Top of the News

WHAT'S WRONG WITH THIS PROFIT PICTURE?

A warning to readers of BUSINESS WEEK's flash report on fourth-quarter profits: Yes, earnings are up 78% over a year ago--even in cluding IBM's wretched numbers. But that says more about the weakness of 1991's last quarter than the strength of 1992's. For example, in 1991 Nynex Corp. and US West Inc. took restructuring charges of more than $500 million apiece. Both report much healthier 1992 results. Sixteen other companies had similar stories. Eliminate them, and profits overall declined 7% from '91 levels. Wall Street's forecasts were 33 a share too high--but only 4 if you leave out IBM.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus