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income statement
(redirected from earnings report)

   Also found in: Dictionary/thesaurus, Medical, Financial, Wikipedia 0.07 sec.

income statement

In accounting, the activity-oriented financial statement issued by businesses. Covering a specified time, such as three months or one year, the income statement is a summary of revenues and expenses. It also lists gains and losses from other transactions, such as the sale of assets or the repayment of debt. Standard accounting rules govern the procedures for recording each item.



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What happened is simple: the company turned in what in almost any other circumstance would be a stellar earnings report but sales were slower than expected--compounded by the fact that the company had beaten analysts' forecasts for months.
The most telling earnings report - Safeway's - will be released Feb.
New reports include a revised New Hire Report, Tax Liability Report by Check Run, Employee Earnings Report by Check Detail and analysis of earnings by Department/Pay Classifications.
 
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