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 ?
We started with a sample of all the firms on the CRSP/Compustat Merged Database that had information available from 2001-2012--GAAP earnings per share (EPS) before extraordinary items and S&P Core Earnings EPS.
The Hartford's third-quarter core earnings were buoyed in part by better results in its initiative to jettison its legacy variable annuity business.
Sales were 3.2 percent lower at 21.8 billion euros, a statement added, while core earnings fell by 8.0 percent to 7.004 billion euros, results that were in line with or slightly better than analysts' expectations.
The analysts expect core earnings per share (EPS) of CHF12.46 versus CHF12.78 in the prior year.
The bank saw its core earnings drop to DKK198m from DKK249m a year earlier.
"In the first nine months of 2009, the core earnings of the large Nordic banks were supported by improved net interest income, reflecting higher lending margins and the still high loan growth in 2008.
This allowed him to increase his Q1 estimates from $4.49B in revenue, $405.9M in EBIT and 56c per share in core earnings to $4.51B in revenue, $424.9M in EBIT, and 59c per share in core earnings.
Quarterly core earnings (non-GAAP), which exclude significant nonrecurring costs, were $2.20 million for the second quarter of 2018, compared to $2.16 million for the previous quarter and $1.21 million for the second quarter of 2017.
??Core earnings, a non-GAAP measure, which excludes merger and conversion related expenses were approximately USD 1,505,000 for the quarter ended March 31, 2018, compared to core earnings of USD 782,000 for the same period in the prior year.
In 2017, Manulife generated core earnings of $4,565 million, fully diluted core earnings per common share of $2.22 and core return on common shareholders equity (core ROE) of 11.3%, compared with $4,021 million, $1.96 and 10.1%, respectively, for 20161 .
The Procter & Gamble Company reported first quarter fiscal year 2016 currency-neutral core earnings per share growth of 12% versus the prior year.