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DewDiligence

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DewDiligence

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Re: DewDiligence post# 1077

Thursday, 04/25/2024 11:08:05 AM

Thursday, April 25, 2024 11:08:05 AM

Post# of 1080
Addendum re non-GAAP vs GAAP EPS:

Excluding restructuring costs from non-GAAP EPS is a policy that disapprove of because multinational, multifaceted businesses such as CAT have restructuring costs continually. In 1Q24, however, non-GAAP EPS came in slightly lower than GAAP EPS due to the exclusion from non-GAAP EPS of a one-time tax benefit.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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