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Q2, or the second quarter, refers to the accounting period of April, May and June. Any financial statements you receive from April 1 to June 30 are for Q2 of the fiscal quarter system.
In the quarter, business wireline revenues declined 10% and EBITDA was down 22%, primarily due to continued industrywide secular declines in legacy services. For the full year, business wireline ...
DCP was down 5.7 days from the prior-year quarter, primarily driven by growth in our Medicare business and the impact of increased pharmacy trends. We remain confident in the adequacy of our reserves.
Not all accounting scandals are caused by those at the top. In fact, in 2015, 33% of all business bankruptcies were caused by employee theft. [14] Often middle managers and employees are pressured to or willingly alter financial statements due to their debts or the possibility of personal benefit over that of the company, respectively.
On 1 April, Asia-Pacific and European stock markets closed mostly down, [494] [495] while the Dow Jones Industrial Average, the NASDAQ Composite, and S&P 500 all closed 5% down. [496] Oil prices fell, [ 497 ] while the yields on 10-year and 30-year U.S. Treasury securities fell to 0.61% and 1.23% respectively (while their yield curve finished ...
The explanation that links the two subjects is that asset values deviate from their fundamental market prices, which causes a bank to write down its assets and, in turn, deplete its capital. Consequently, the asset write-downs may force the bank to sell such assets at fire sale prices and start a downward spiral.
United Parcel Service Inc (NYSE:UPS) shares are trading higher after the company reported better-than-expected third-quarter results. UPS reported consolidated revenue growth of 5.6% year-over ...
First quarter of 2009: For the first quarter of 2009, the annualized rate of decline in GDP was 14.4% in Germany, 15.2% in Japan, 7.4% in the UK, 18% in Latvia, [184] 9.8% in the Euro area and 21.5% for Mexico. [29] April 2, 2009: Unrest over economic policy and bonuses paid to bankers resulted in the 2009 G20 London summit protests.