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louise purtle

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Of all the numbers investors are sensitive about, earnings per share (EPS) is at the top of the list. Just ask any company that has missed expectations by a penny or two only to see their stock price plunge as a result. If the punishment at times seems outsized in relation to the crime, it is just further evidence of how much store Wall Street puts in EPS as a barometer of company fortunes.

In light of this, the prospect of the Financial Accounting Standards Board ringing in an obscure accountin

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