Tribune press service Chandigarh, May 28 The Punjab and Haryana High Court has ruled that uploading a financial statement by private schools to their websites would provide transparency and help achieve the goal of preventing profits and the imposition of fees from capitation. The rules of the bench “Each institute is free to set its …

On December 2, 2001, energy giant Enron shocked the world with its widely publicized bankruptcy after the company was dismantled for committing blatant accounting fraud.His dubious tactics were aimed at artificially improving the appearance of the company’s financial outlook by creating off-balance sheet reception structures (SPVs) that masked liabilities and inflated profits. But at the …

BioLife Solutions, Inc. (NASDAQ: BLFS) Investors will be thrilled, with the company posting solid numbers with its latest results. Both earnings and losses per share were better than expected, with earnings of US $ 17 million estimated at 4.2%. Statutory losses were lower than analysts’ expectations, reaching US $ 0.03 per share. Analysts typically update …

Bionano Genomics, Inc. (NASDAQ: BNGO) defied analysts’ forecasts by releasing its first quarter results, which were ahead of market expectations. Income and loss per share both exceeded expectations, with income of $ 3.2 million leading the estimate by 6.6%. Statutory losses were slightly lower than analysts’ expectations, reaching US $ 0.04 per share. Analysts usually …

Pentagon financial executives have said they are making significant progress towards obtaining an unequivocal audit opinion. So much so, in fact, that they’re now ready to project a tentative timeline for when that happens: 2028. Testifying before the House Armed Services Committee last week, defense officials stressed that the 2028 date was by no means …

Since the 19th century, consistent financial reporting principles have made it possible to invest in companies run by foreigners. This, in turn, led to the rise of publicly traded companies. Public enterprise accounting assesses the financial health of a business as an ongoing concern, not how much money it has. This philosophy can be confusing, …

Arch Resources, Inc. (NYSE: ARCH) has just released its quarterly report and things are looking upbeat. Overall, results were pretty good, with revenue exceeding expectations of $ 358 million and statutory losses of just $ 0.40 per share, 29% lower than analysts had expected. Following the result, analysts updated their earnings model, and it would …

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it’s been a good week for Bragg Gaming Group Inc. (TSE: BRAG), as the company just released its latest annual results and shares gained 2.7% to C $ 2.30. The results are not looking good, especially as statutory losses increased by 128% to € 0.16 per share. Revenue of 46 million euros exceeded expectations by …

Investors in Li Ning Company Limited (HKG: 2331) had a good week as its shares rose 6.6% to close at HK $ 47.45 following the release of its annual results. The result was broadly positive – although revenue of CN $ 14 billion was in line with what analysts had predicted, Li Ning surprised with …