#AccountingError

Latest posts tagged with #AccountingError on Bluesky

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Posts tagged #AccountingError

Profit Trading USA

@profittradingusa.bsky.social

6 months ago

WH Smith cuts profit forecast after accounting error in North America unit (Reuters) -British travel retailer WH Smith lowered its full-year profit outlook on Thursday after a review revealed earnings had been overstated due to premature recognition of supplier income in its North American division. The financial review identified an overstatement of around 30 million pounds ($40.34 million) in expected headline trading profit, WH Smith said, mainly due to supplier income in North America being recognized too early. The error prompted a cut in profit outlook at the division to about 25 million pounds, down from previous forecast of about 55 million pounds. The retailer now expects group pre-tax profit for the year ending August 31 to be around 110 million pounds. In April, WH Smith had forecast annual profit to be in line with market expectations, which were around 182.6 million pounds, according to LSEG data. ($1 = 0.7437 pounds) Before you buy stock in SMWH, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is SMWH one of them?

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Black White and Blue in the South Podcast

@bwabits.bsky.social

1 year ago

SC Republican Treasurer Curtis Loftis Faces Impeachment Amid $1.8 Billion Mystery State Rep.

In Ep 51, Bill & Jumelle discuss the release of a major auditing report detailing the failing of the SC State Treasurer, Curtis Loftis, that led to a $1.8B accounting error.

Subscribe, download & listen today! linktr.ee/bwabits

#SouthCarolina #SCPol #CurtisLoftis #accountingerror #impeachment