Valens Research – UAFRS vs As Reported Weekly Highlights – October 17, 2018
October 22, 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
Intuit, Inc. (INTU)
R&D Expense Distortion
Northrop Grumman Corporation (NOC)
Excess Cash Distortion
Weight Watchers International, Inc. (WTW)
Goodwill Distortion