to you. The relatively small adjustments for goodwill impairment or
relatively minor adjustments can be ignored, remembering that the
purpose of these changes is to estimate the likely recurring levels,
thus trends, in sales and earnings.
Examples of Core Earnings Adjustments
How difficult is it to calculate your own core earnings adjustments?
If you restrict your analysis to the major adjustments, you can get
the information you need from the Web sites of listed companies. Fol-
lowing are three examples of core earnings adjustments, all of which
came from information found on online annual reports (normally lo-
cated under the “investor relations” link ...