Ghost of Igloi wrote:
EPS that Earnie quotes is a non-GAAP number, which excludes stock compensation and failed enterprises as a cost of doing business. Many poor business models continue to beat their EPS number by guiding Wall Street down over the quarter, and lowering their share count by $Billions spent on stock buybacks.
What is so bad about beating estimates?
Nothing other than the GAAP numbers are traditionally more in-line with the sales data. Non-GAAP is purposely used over GAAP by Wall Street to deceive investors.