Fiscal year
Business Concept
Barnes & Noble reports 2Q loss, cuts guidance...$1.16 billion from $1.11 billion last year. The company, based in New York now expects fiscal-year earnings of 33 to 63 cents per share, down from previous guidance of 59 to 89 cents per share. Analysts predict a profit of 99 cents per... In this article: Barnes & Noble, Fiscal year, Revenue, Amazon.com, and New York |
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Prime Newswire | 7 days ago
PennantPark Investment Corporation Announces Financial Results for Quarter and Year Ended September 30, 2009
...September 30, 2009 NEW YORK, Nov. 18, 2009 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (Nasdaq:PNNT) today announces financial results for its fourth quarter and fiscal year ended September 30, 2009. Except where the context...
In this article: Lien, Subordinated debt, Asset, Secured loan, Amortization, and Securities Exchange Commission
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Times Union | November 09, 2009
Talk about a Cadillac plan
...Medicaid system in the United States. According to figures from the Kaiser Family Foundation, New York in the 2007-2008 fiscal year spent $44.3 billion to cover 5.1 million people through Medicaid. California spent less -- $35.9 billion --...
In this article: Medicaid, New York, Cadillac, California, Kaiser Family Foundation, David Paterson, and United States
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washingtonpost.com | 2 days ago
Campbell Soup raises outlook, shares edge up
...including grains that offset a drop in sales. The world's largest soup maker also raised its sales and profit expectations for the fiscal year and its shares advanced 0.5 percent. Sales fell 2.1 percent to $2.2 billion from a year...
In this article: Pepperidge Farm, Campbell Soup, U.S., Unemployment, and New York Stock Exchange
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Reuters | November 06, 2009
NY senate sees revenues down this year
...year NEW YORK (Reuters) - New York's Democratic-led senate on Friday said tax revenues will slip 1.5 percent in the current fiscal year to $59.4 billion, a rosier forecast than the one issued by the Assembly's Democratic majority. The...
In this article: David Paterson, Revenue, New York, NEW YORK, Tax, Tobacco, NYSE, and Nasdaq
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Centre Daily Times | November 05, 2009
Whole Foods tumbles as guidance disappoints
Whole Foods tumbles as guidance disappoints NEW YORK - Shares of Whole Foods Market Inc. tumbled Thursday after the upscale grocery chain offered a cautious outlook for its new fiscal year. Shares fell $5.22, or 16.3 percent, to $26.84 in...
In this article: Thomson Reuters, RBC Capital Markets, Deutsche Bank, Credit Suisse, and NEW YORK
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Carver Bancorp, Inc. Reports Second Quarter Fiscal Year 2010 Earnings
...(the "Bank"), today announced financial results for the three- and six-month periods ended September 30, 2009, the second quarter of the fiscal year ending March 31, 2010 ("fiscal 2010"). The Company reported net income of $0.8 million for...
In this article: Carver Bancorp, Inc., Tax, FHLB, New York City, Federal Deposit Insurance Corporation, and Troubled Asset Relief Program
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State, local budget cuts a time bomb for U.S. jobs
...on Thursday. State and local governments will have to raise taxes and cut spending in the current and next two fiscal years to cover shortfalls totaling $469 billion, according to an Economic Policy Institute report. The think tank --...
In this article: Jared Bernstein, Brookings Institution, Recession, Thomson Reuters, Bowling Green, U.S., and Tax
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Description from Wikipedia:
A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ("yearly") financial statements in businesses and other organizations. In many jurisdictions, regulatory laws regarding accounting and taxation require such reports once per twelve months, but do not require that the period reported on constitutes a calendar year (i.e., January through December). Fiscal years vary between businesses and countries.
In addition, many companies find that it is convenient for purposes of comparison and for accurate stock taking to always end their fiscal year on the same day of the week, where local legislation permits. Thus some fiscal years will have 52 weeks and others 53. Major corporations that adopt this approach include Cisco Systems and Tesco.
In the United Kingdom, a number of major corporations that were once government owned, such as BT Group and the National Grid, continue to use the government's financial year, which ends on the last day of March, as they have found no reason to change since privatisation.
Nevertheless, for about 65% of publicly traded companies in the United States and for a majority of large corporations in the UK and elsewhere, except in Australia, New Zealand and Japan, the fiscal year and calendar year are identical. Many universities have a fiscal year which ends during the summer, both to align the fiscal year with the school year, and because the school is normally less busy during the summer months.
Some media/communication based organizations use a Broadcast calendar as the basis for their fiscal year.
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