It did, however provide a parallel accounting it calls "core earnings, " which exclude accounting treatments for securitizations and derivatives.
Bank of America (BAC) was able to swing to a profit with one-time accounting boosts, but core earnings remained poor.
The company also issued a cautious projection of core earnings this quarter.
Earlier this month, the company released a bit of bad news in its half-year financial report, saying that core earnings fell 39 percent as it held just one auction during the period compared with two in the prior year.
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After it shed non-core assets, earnings rebounded, and its stock climbed 205%.
Instead, he said, BofA would meet capital requirements by selling non-core assets and normal earnings power.
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Rather, his plan included selling non-core assets, cutting expenses and improve earnings.
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Once again, Motorola blamed disappointing sales and operating earnings in the company's core mobile device business.
The head of the bank has been under pressure to revive the struggling bank and increase capital by increasing earnings, selling off non-core business units and cutting costs.
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The earnings of all the bank's core businesses derive overwhelmingly from transactions in which it acts on behalf of clients.
Both the banks reported earnings growth, but the results suggested their core businesses and net interest margins were under pressure from low interest rates.
Berkshire, which acquires undervalued companies that it believes represent great value relative to future earnings growth, should be one of the core stocks in any portfolio, Leeb advises.
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The most recent earnings announcement after the competition served to validate our core thesis.
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In our core thesis, we expect value to be realized on consensus earnings beats followed by upward revisions of later 2013 consensus estimates.
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On the whole, Boeing posted better-than-expected numbers in Q2 on strong core operating performance and, as a result, has also raised earnings per share outlook for 2012.
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"Investors are pricing in a scenario under which there will be an outbreak which will severely hurt the airlines' earnings, " said Castor Pang, head of research at Core Pacific-Yamaichi.
Turkey, trading at just 10 times earnings, is a fast-rising economic power, with a core of internationally competitive companies that are turning the youthful nation into an entrepreneurial hub, tapping cash-rich export markets in Russia and the Middle East while attracting billions of investments to boot.
The company has struggled with falling flash memory and semiconductor prices in its core business for the past year, prompting a string of poor performances in the earnings confessional.
Earlier this month health secretary Nicola Sturgeon announced that payments to GP practices which provide core services will rise by 2.7%, resulting in a 2.2% increase in earnings.
Yet the incentive to expand geographically is obvious: Pretax earnings growth from international markets was 23% in fiscal 2010, compared with 7% for the core North American cleaning-products business.
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