November 26, 2018

Valens Research – UAFRS vs As Reported Weekly Highlights – November 21, 2018

Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals.

Company Specific Highlights & Insights

Oracle Corporation (ORCL)
R&D Expense Distortion

Xerox Corporation (XRX)
Operating Lease Expense Distortion

PetMed Express, Inc. (PETS)
Excess Cash Distortion

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