Saturday, March 6, 2010

How to Read a Quarterly Report

The Securities and Exchange Commission requires reports to be filed (form 10-K). At a minimum, these reports must provide information on sales, net income, taxes, nonrecurring revenues and expenses, accounting changes, contingencies (like lawsuits) , additions or deletions of business segments, and material changes in financial position.

Read these together with the last audited annual report. Prior year data provides a basis for comparison.

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