We asked investors to compare our stock price based on
cash earnings per share -- cash net income -- to that of other companies, to consider our prospects and to consider whether we're fairly valued.
Diluted adjusted
cash earnings per share were CDN 0.22 for the quarter, compared to CDN 0.23 per share for the same quarter last year.
Watson said it estimates total net revenue for the full year ended December 2010 at approximately USD3.5bn and
cash earnings per share between USD3.05 and USD3.30.
According to the bank, its 2008
cash earnings per share were likely to fall between 20 percent and 25 percent on the previous year because of the rise in credit impairment costs.
It is, however, expected to be accretive on a
cash earnings per share basis in the first year, based on its estimated 1999
cash earnings per share.
Cash earnings per share, excluding one-time items, came in at CAD1.26, exceeding expectations for a profit of CAD1.01 of analysts polled by Bloomberg.
The transaction is expected to be immediately accretive to adjusted
cash earnings per share, with run-rate cost synergies of $200M annually by the end of 2021, assuming deal completion in 2018.
The company believes the transaction will be mid-single digit accretive on a percentage basis to
cash earnings per share in fiscal 2017 and double-digit accretive thereafter.
