Archive for the 'earnings' Category

Core earnings: Is new metric misleading?

Brian Milner, a journalist at the Globe and Mail’s Report on Business, picked up on our blog post on core earnings and cited it in this article this morning.

Core earnings don’t get to the heart of profitability

A couple of weeks ago Manulife Financial, a large Canadian insurance company, introduced a new metric called “core earnings.” They reported a net loss of $227 million in the third quarter, but $556 million in core earnings. The problem with core earnings as an indicator is that it attempts to determine the revenue from the [...]