Post by
Quintessential1 on Aug 17, 2021 11:34am
EPS beat over five thousand percent?
On Yahoo Finanacials market calander page for Sunday (when VET reported) it shows Earnings per share of $.05 expected and $2.79 reported.
That makes it an earnigs beat of over %5000
Can anyone explain the accounting wizardry that happened here?
https://ca.finance.yahoo.com/calendar/earnings?from=2021-08-15&to=2021-08-21&day=2021-08-15
Comment by
mnztr on Aug 17, 2021 11:52am
Impairment reversals are non-cash, and one time events. When you take an impairment your stock will get hammered, but when you reverse it you tend to get no pop from the reversal. Maybe over time, but gains derived from operations are what counts the most.