they had to make 21 million or a profit of 30% of sales.Those numbers from analysts aren't adjusted after changing the sharenumbers people. 30% profit isn't realistic. So no worry everything is fine. Great numbers here. Problem is that some people are not reasonable about economics. So looking forward to next quarter.
Correct… everything is good. The big change for the EPS bottom line was the total shares outstanding. And because of the run-up in stock price, the convertible bonds are in the money and now counted as part of fully diluted shares. That is why diluted shares shows such a high number (96 million vs 79 million basic shares for Q3). But nothing has changed as for growth, and now that those shares are in the diluted count, you would then have to consider that convertible debt as if it were now equity - no longer debt. Or, you just look at the basic EPS but consider the debt as debt. It's not both.
indeed is changing from debt to equity. Just that future profit will be diluted by more shares. Except when they use the cash for investing at the same rate of return as the investments they already did. In that case it's a non event.