Simple English definitions for legal terms
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Earnings excluding special items refer to a company's income that does not include any unusual or one-time events, such as a large sale or a lawsuit settlement. It is a way to measure a company's regular income from its normal operations. Other types of earnings include gross earnings, which is the total income before expenses, and net earnings, which is the income after expenses. Retained earnings are the profits that a company keeps after paying dividends to shareholders. Lost earnings refer to the income that a person could have earned if they had not lost their job or suffered an injury.
Definition: Earnings excluding special items are a company's income that does not include any one-time or unusual gains or losses. This is often used to show the company's ongoing profitability without any extraordinary events.
Examples:
These examples illustrate how earnings excluding special items can be used to show a company's ongoing profitability without any one-time or unusual gains or losses. By excluding these items, investors can get a better understanding of a company's true financial health.