This objective is achieved primarily by applying pro forma
adjustments to historical financial information.
To address the concern that managers may be using pro forma
earnings to manage expectations or to mislead investors, the leading securities commissions in Canada and the U.
The message is clear: for pro forma
measures to be useful, management must present them clearly as part of the complete disclosure package, and investors must use them in this manner.
It also said that pro forma
results should be viewed with ``appropriate and healthy skepticism.
Macrovision Solutions Corporation provides non-GAAP or Adjusted Pro Forma
broadcasting revenues, which include Captivate, were down 4.
Shares used in computing Pro forma
net income per share, was based upon an average of 4,669,000 shares outstanding for 1995.
The pro forma
non-GAAP expected results are a supplement to the expected financial results based on generally accepted accounting principles ("GAAP").
The increase in pro forma
revenue over 1993 was due in part to the acquisition of Chesterfield Towne Center on July 21, 1994.
Since management anticipates that approval will be obtained, financial results are reported accordingly on pro forma
30, respectively, a decrease from pro forma
earnings per share of $.
08 per pro forma
share) compared to last year's $313,000 ($.