Earnings Calendar Fiscal Quarter Ending
"Why do stock markets allow these differences in reporting? The IRS allows businesses to use fiscal calendars that differ from the calendar year. There are a number of reasons a company would choose do this, from preferring to avoid an accounting rush at end of year during holiday season, to aligning with seasonality for their profits (some like to have Q4 as the strongest quarter). Smaller businesses may prefer to keep the extra stress of year end closeout to a traditionally slower time for the business, and some just start their fiscal calendar when the company starts up. You'll notice the report dates are a couple weeks after fiscal quarter end, you would read it as ""three months ended...,"" so for Agilent, three months ended October 31, 2017, so August, September, October are their Q4 months."
"The quickest way to approach this question is to first understand that it compares flows vs. levels. Market size is usually stated as an annual or other period figure, e.g. ""The market size of refrigerators will be $10mn in 2019.""  This is a flow figure. Market capitalization is a level figure at any given point in time, e.g. ""The market cap of the company was $20 million at the end of its last fiscal quarter."" Confusion sometimes occurs when levels and flows are used loosely for comparisons.  It is common for media to make statements such as ""Joe Billionaire is worth more than the GDP of Roselandia.""  That is comparing a current level (net worth) with an annual flow (GDP). With this in mind, there are a variety of conditions where a company's equity market value will exceed its market size.  The most extreme example is an innovating, development-stage enterprise, say, a biotech company, developing a new market for a new product; the current market size may be nil while the enterprise is worth something greater. The primary reason however for situations where a company's equity market cap is greater than its market size is usually that the financial market expects the enterprise (and oftentimes its market, though this isn't necessary) to grow substantially over time and hence the discounted value of the company may be greater than the current or near future market size. A final example:  US annual GDP (which comprises of much more than corporate incomes and profits) for 2014 was about $17.4tn while the nation's total equity market value in 2014 was $25.1tn, both according to the World Bank.  That latter figure also doesn't include the trillions of corporate debts these companies have issued so the total market cap of US, Inc. is substantially greater than $25.1tn." &gt; They deprive the US of valuable income which has been earned through infrastructure, defense, education, etc  It doesn't. The main reason it exists is that the US double dips on taxes. The whole point of these inversions is to deal with how the US treats foreign income. Company still pays US taxes on business done in the US: ie., using US infrastructure. That doesn't change. If the company is head quartered in the US then the US expects the company to also pay taxes on foreign income -- ie., income that can't be referenced back to US infrastructure/education/etc. The company has already paid taxes in the foreign country, but the US feels the need to double dip. This double dipping is very much a US thing. It just makes moral, fiscal, and logical sense for them to do the inversion. The US government should have no rights to overseas money. The reason the move to Canada is simply that Canada, like pretty much all capitalist countries, doesn't tax foreign revenue.   You Americans really really need to look at your tax system. Speaking as a Canadian business owner who deals with US clients, it's just insane. It's easier to deal with the Chinese tax system in my experience. "This is the best tl;dr I could make, [original](http://news.sky.com/story/japans-economy-posts-longest-unbroken-growth-streak-in-more-than-a-decade-10988359) reduced by 71%. (I'm a bot) ***** &gt; It was the strongest quarter of growth since the first quarter of 2015.  &gt; It means Japan is growing faster than the likes of the United States, whose economy grew by just 2.6% on an annualised basis during the same period, and appreciably faster than the UK. Japan&amp;#039;s economy has now grown for sixth successive quarters, the longest growth streak it has enjoyed since 2006, representing a triumph for Prime Minister Shinzo Abe, who took office in 2012 promising a revival.  &gt; Toshimitsu Motegi, Japan&amp;#039;s new economic and fiscal policy minister, said the stronger-than-expected growth reflected continued strength in consumer spending and business investment.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6ttbyy/japans_economy_beats_the_forecasts_growing_by_4/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~191182 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **Japan**^#1 **growth**^#2 **quarter**^#3 **economy**^#4 **year**^#5" First, the annual report is just that, a snapshot that shows value at the beginning and end of the period. Beginning = Aug 08 = $105B End =       Aug 09 =  $89B Newsletter date May 10 = $96B Odd they chose end of August as it's not even a calendar quarter end. The $16B was market loss during that period. Nearly half of that seemed to be recovered by the time this newsletter came out. The balance sheet also has to show deposits and payments made to existing retirees. I haven't looked at the S&P numbers for those dates, but my gut says this is right. The market tanked and the plan was down, but not too bad.  Protect? The PBGC guarantees pensions up to a certain limit. I believe that in general, teachers are below the limit and are not at risk of a reduced benefit. You do need to check that your plan is covered. If not, I believe the state would take over directly. I hope this helps. You can find the NYSE holiday dates listed on the exchange's own site (already linked in answer above), which should obviously be consulted as the most reliable source; they are also published in an article that I have written here: NYSE Holidays 2016, which provides additional information about traditions and events that can be expected to lead to unscheduled closures, and closed dates for holidays that are day-of-month rather than date specific (e.g. President's Day and Memorial Day). NYSE Holidays are not quite identical to those for the Chicago Mercantile Exchange, though most US stock exchange dates are the same. Also, note that both the Merc (via the Globex platform) and NYSE Arca have different normal cash sessions and trading hours to the New York Stock Exchange. I've actually had the same problem several years running, and it's solved by filing my corporate taxes, then taking those schedules, and applying them to my 1040, along with a Schedule C  You'll want to work with an accountant on this, but basically you're going to take the total set of business expenses as 1 chunk, then write them off your income (as one chunk).  I always recommend an accountant for this, but that's the general idea that I've used, and for the last 10 years, it's worked great. Not sure why this is being downvoted, SSRS, CR, or really any of the major reporting scenarios are designed for these types of calculations. Not only that but using them would enable one to just update the data/change the parameters to match the right date range and not have to spend hours doing repetitive calculations.  Edit: yeah Access is basically GUI-SQL but depending on who will see this data (i.e OP's boss) you'll want it all prettied up. 3:44 PM EDT happens when this comment is 4 hours and 23 minutes old.  You can find the live countdown here: https://countle.com/PIo16101q  ---  I'm a bot, if you want to send feedback, please comment below or send a PM.