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Accounting jargon, euphemisms plague quarterly earnings reports.(Knight Ridder Newspapers)
PHILADELPHIA _ It's earnings season, that news-filled time when companies tell shareholders how their businesses fared during the last three months.
Although the accounting scandal at Enron Corp. undoubtedly has chastened a few starry-eyed chief financial officers, stock-market watchers still expect verbal fog to cloud what companies are saying this quarter.
For clarification, and a little fun, The Philadelphia Inquirer asked some experienced earnings watchers _ Patrick Dorsey and Craig Woker of Chicago research-firm Morningstar Inc. and Chuck Hill of Thomson Financial/First Call _ to offer examples of common earning-speak and translate them into plain ...
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Source: HighBeam Research, Accounting jargon, euphemisms plague quarterly earnings...