What is an Earnings Restatement?
An earnings restatement, also called an financial statements.recast, is the act of disclosing amended
How Does an Earnings Restatement Work?
Let's assume Company XYZ sells its pharmaceutical division to Company ABC. The pharmaceutical division was a significant generator of revenue for Company XYZ.
After the sale, itan earnings restatement by disclosing the last five years of -- with the pharmaceutical division excluded.
Why Does an Earnings Restatement Matter?
Earnings restatements can be corrections in, but they can also help investors get a comparative sense of how a company is performing without a recently divested , with a change in method, or with some other significant change in operations.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.