Discover the crucial differences between pro forma and GAAP financial statements. Learn why companies use both and the potential implications of each for investors.

Garmin Ltd. (GRMN) reported third-quarter 2025 pro forma earnings of $1.99 per share, which beat the Zacks Consensus Estimate by 0.5%. However, the bottom line remained flat on a year-over-year basis.

Revenue of $167 million increased 12% sequentially from second quarter 2025 due to activity growth within the Solaris Power Solutions segment. Net income of $25 million and $0.31 per diluted Class A ...

Microsoft (MSFT) is initiated at a sell rating due to heightened risk from deep financial and operational dependence on OpenAI. MSFT’s pro forma earnings are overstated by excluding OpenAI’s massive ...

Veeco Instruments is reporting a second-quarter pro forma profit of 2 cents a share, 2 cents ahead of the average estimate of analysts polled by Thomson Financial/First Call. Sales fell 31 percent in ...