paid the normal divy of .27 cents they would not have had positive earnings. They cut the dividend by .20 cents per share each quarter. THAT GAVE THEM A PROFIT FOR THIS QUARTER. http://community.investopedia.com/news/IA/2009/Mondays-Disappointing-Retail-Results-BTH-PBY-MW-ZQK0612.aspx?partner=YahooSA
Hey xquestor, dividends are not subtracted from earnings. PBY could pay whatever dividend they wanted and it wouldn't effect earnings whatsoever.PBY paid $1.575 million in dividends for the last quarter. It's 3 cents per quarter. It's not the case that if they paid $0 in dividends, that $1.575m would be added to earnings.If your talking about cashflow, you're absolutely spot on which is why some investors favor the cashflow statement over the income statement as a better truthteller.