Reported pretax income
fell 73.6% to $26.7 million, impacted by special items and regular line items.
Thus, an auditor may ignore prior-period misstatements when evaluating audit findings if he or she concludes the risk of material misstatement due to combined-misstatement effects is not "unacceptably high." Reaching that conclusion, RST's auditor computes the aggregate likely misstatement of RST's pretax income
The Corporate & Institutional Banking unit also saw a decrease in pretax income
, falling 7.9% to EUR514 million.
The Originations segment earned $32 million GAAP pretax income
or $33 million adjusted pretax income
, an increase of 32% from the prior quarter primarily attributable to higher volume and reduced expenses.
Adjusted Pretax Income
was USD 4.1 million for the three months ended September 30, 2017 compared with USD 21.0 million for the three months ended September 30, 2016.
Although interest expense edged down 0.7% to $23.2 million and other income leapt 26.2% to $1.44 million, pretax income
for the six months still fell faster than operating profit, retreating 16.6% to $35.6 million.
With that, AmeriSource reported pretax income
of $1.20 billion versus a pretax loss of $201.3 million in the 2015 span.
The company said that for the quarter that ended 31 March 2005 it expects to report revenue totalling USD346m, operating income of USD22-27m and pretax income
Incremental pretax income
resulting from a new credit card equals gross margin less discount fee less cost (income) of the cash float.
The pretax income
comparison was positively impacted by increased net interest income of $6.81 million primarily due to rising lending rates, higher average loan and lease balances and the recognition of a $0.62 million unaccreted purchase discount from an early loan payoff.
Avis Budget Group announced that, based on preliminary data, it estimates that for the full-year ended December 31, 2017, revenues increased to approximately $8.85 billion, and it expects pretax income
to be between $205 million and $215 million and Adjusted pretax income
to be between $340 million and $350 million.