Core earnings

Core earnings.

Core earnings report the performance of a corporation's core business operations, including producing and marketing the primary goods or services it sells, the cost of granting stock options, restructuring charges for ongoing operations, and meeting pension obligations.

Equally important, core earnings exclude gains in the value of a company's pension account portfolio, certain one-time sources of income, such as the sale of an asset, and goodwill.

In developing this measure, Standard & Poor's intention was to provide investors with a uniform, more transparent way to compare earnings across companies.

References in periodicals archive ?
A reconciliation of Farmer Mac's GAAP net income available to common stockholders to core earnings is presented in the following table.
03 per diluted share, of distributions from collateralized loan obligations ("CLOs") that were accounted for under the cost recovery method and thereby excluded from our interest income and Core Earnings.
A) today announced that its core earnings for the quarter ended March 31, 2008 increased 69% over the comparable quarter in 2007.
SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, reported net income on a core earnings basis of $249 million ($.
Farmer Mac uses core earnings to measure corporate economic performance and develop financial plans because, in management's view, core earnings more accurately represent Farmer Mac's economic performance, transaction economics and business trends before the effects of application of Statement of Financial Accounting Standards No.
Better than expected results in property and casualty and life businesses and improved outlook on profitability of in-force business drove estimated fourth quarter core earnings
Jabil defines core earnings as GAAP net income before amortization of intangibles, stock-based compensation expense and related charges, restructuring and impairment charges, goodwill impairment charges, loss on disposal of subsidiary, certain other expenses, net of tax and certain deferred tax valuation allowance charges.
Farmer Mac's guarantee and commitment fees and non-interest expense were major drivers of core earnings in second quarter 2007, and are expected to continue as such.
Our management uses core earnings and EPS by principal operating subsidiary internally for financial planning and for analysis of performance.
During the third quarter of 2009, the Company had Core Earnings of $5.
Floor income, not included in core earnings, totaled $36 million in the quarter.
For the year ended December 31, 2006, core earnings were $25.