The SEC should set basic, minimum requirements for corporate earnings press releases:

A FULL INCOME STATEMENT prepared according to generally accepted accounting principles

RECONCILIATION between "pro forma" or "operating" earnings and the traditional GAAP income statement

SEPARATE DATA on results from major business units

NO-NONSENSE BALANCE SHEETS, with detailed footnotes to come later

PLAIN-ENGLISH statement of management's views on business prospects

Before it's here, it's on the Bloomberg Terminal. LEARN MORE