RE:Misses on both EPS and revenueIf you actually read the statement released by the company you will notice the earnings are a beat by $.03
The change in accounting mkes the difference!
Another profitable quarter with $0.14 net earnings per share and $0.14 adjusted earnings per share(1,2). Net earnings were $26,595 and adjusted earnings(1,2) were $25,351 for the quarter, a substantial increase compared to the first quarter 2020, primarily due to higher revenues and lower deferred income taxes, partially offset by higher cost of sales. We revised our definition of adjusted earnings(1,2) in the first quarter of 2021 and as a result, adjusted earnings per share(1,2) has been reduced by $0.08 per share in the quarter when compared to our prior definition.