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Quarterly earnings: How some companies use selective slicing'n'dicing to show performance numbers at their best

By Economic Times - 8 hours ago
To show earnings at their best, companies often break down performance numbers selectively, instead of in conventional terms. This results in new accounting nomenclatures such as 'adjusted EBITDA', 'net profit before exceptional items', 'gross merchandise value', 'one-off items', and 'revenues excluding non-recurring business'.

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