Also called the revenue statement, the revenue announcement is a normal financial accounting record which summarizes the earnings and expenses in a specific reporting period. Performance is normally quantified concerning net profit or loss.
An earnings announcement, together with the announcement of cash flows and balance sheet, which is just one of those 3 leading financial accounting records released by businesses. The earnings announcement provides a review of the earnings (income) and expenses (costs) incurred with a business with time. On average, statements have been published by publicly held businesses in a quarterly or yearly basis.
The announcement is usually broken to a working and non-operating section. Non-operating things usually are non-recurrent events, exceptional items or people connected with discontinued operations. Revenues and costs related to working things are of interest for creditors, investors and analysts, simply because they supply insights to the means of the enterprise to use .
The table below offers a top level overview of those aspects of the revenue announcement (continuing operations).
|Cost of Goods Sold||(15,693,000)|
|Selling General and Administrative||(7,740,000)|
|Operating Income or Loss||6,178,000|
|Income from Continuing Operations|
|Income Tax Expense||(1,674,000)|
|Net Income from Continuing Operations||4,283,000|