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June 9, 2015

Are companies tilting profit reports?

  • Professional investors warn that companies are ignoring normal costs to make it seem like they're doing better than they really are.
    • By BERNARD CONDON
    AP Business Writer

    NEW YORK — Those record profits that companies are reporting may not be all they're cracked up to be.

    As the stock market climbs ever higher, professional investors are warning that companies are presenting misleading versions of their results that ignore a wide variety of normal costs of running a business to make it seem like they're doing better than they really are.


     
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