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GAAP earnings per share, the bottom-line result per unit of stock measured under the standard U.S. accounting rulebook, came in at negative $0.57 at Air Global PLC. Revenue for the period was $206.9 million.
A negative earnings-per-share reading means total costs exceeded intake once every accounting adjustment is applied. Revenue captures only what arrived before those deductions.
GAAP, short for Generally Accepted Accounting Principles, is the framework U.S.-listed public companies must follow when reporting to shareholders.
It requires costs, depreciation, and certain charges to appear in the earnings line. That is why a GAAP result can sit below the adjusted figures some companies publish alongside their official filings.
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