We compare non-GAAP EPS in annual earnings announcements and proxy statements using hand-collected data from SEC … disclosure of non-GAAP EPS in annual earnings announcements (proxy statements). However, we find systematic differences in the … properties of non-GAAP earnings and exclusions depending on whether they disclose non-GAAP EPS in both the earnings announcement …

We examine analysts' GAAP earnings forecasts and illustrate their usefulness in two prominent research settings. First …' preferences for GAAP versus non-GAAP earnings. We find that traditionally-identified GAAP forecast errors are subject to 37 … preference for non-GAAP earnings relative to GAAP earnings is robust after correcting for this measurement error. Second, we …