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cutting through chinese tech giants’ profit distortion

cutting through chinese tech giants’ profit distortion News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



cutting through chinese tech giants’ profit distortion

u.s. tech titans have stopped presenting an alternative set of financial results. investors in their chinese counterparts should be mindful of such flattering “tailored” results, too. facebook said last week that it will, for the most part, report its results only according to generally accepted accounting principles. this followed a similar move by google parent alphabet. these are moves away from the trend of companies highlighting alternative sets of results that strip out certain expenses. such non-gaap, or adjusted,...