How to Read and Understand Earnings Releases Like an Investment Pro (Case Study: Wal-Mart)
A CFA Institute Media Education Program
Earnings announcements and other financial statements provide a snapshot of a company’s financial performance and prospects for future growth. But, an incomplete or misinterpreted reading of such information can lead to inaccurate reporting on the true financial standing of a particular company.
CFA Institute invites journalists to participate in a live, interactive Web forum to gain a better understanding of earnings releases and learn what each figure really means for a company’s growth. Topics discussed include:
- What information the earnings reports reveal.
- How to understand the balance sheet, cash flow analysis, profitability ratios, and limitations of ratio analysis.
- How to determine what factors are affecting a company’s earnings.
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Speaker
Jay Taparia, CFA, currently serves
as principal of Sanskar Investments. Additionally, he teaches finance
at the University of Illinois, DePaul University, Benedictine
University, and Saint Xavier University. Previously, Mr. Taparia served
as senior portfolio manager within the Investment Advisory Group at
Bank One Investment Management and was a corporate banker for First
Chicago Capital Markets. He holds a BA in business administration from
Southern Methodist University and an MA in management from the J.L.
Kellogg Graduate School of Management at Northwestern University.
This information is accurate as of the date of recording.