查询词典 earnings

As I mentioned last year, we hope to have look-through earnings grow about 15% annually.

就像我去年曾经提到的，我希望我们的透视盈余每年都能够成长 15%，在 1990 年我们确实大幅超越这个比率，但 1991 年结果却差很多，我们在吉列的可转换特别股投资已经被赎回，我们将在 4 月 1 日把它们转为普通股投资，虽然这将会使得我们每年的帐面盈余减少 3，500 万，透视盈余也会跟着减少，另外我们在媒体事业的直接与透视盈余也可能下滑，但不论如何，我们每年还是会向大家报告透视盈余的计算结果。

The following table sets forth our 1996 look-through earnings,though I warn you that the figures can be no more than approximate, since

各位可以从下表看出我们是如何计算出1996年透视盈余的，不过我还是要提醒各位

We also believe that investors can benefit by focusing on their own look-through earnings.

各位可以从下表看出我们是如何计算透视盈余的，不过我还是要提醒各位这些数字有点粗糙，(被投资公司所分配的股利收入已经包含在保险事业的净投资收益项下)我们也相信投资人可以透过研究自己的透视盈余而受益，在算这个东西时，他们就会了解到其个别投资组合所应分配到的真正盈余的合计数，所有投资人的目标，应该是要建立一项投资组合可以让其透视盈余在从现在开始的十年内极大化。

If our intrinsic value is to grow at our target rate of 15%, our look-through earnings, over time, must also increase at about that pace.

各位可以从下表看出我们是如何计算透视盈余的，不过我还是要提醒各位这些数字有点粗糙，(被投资公司所分配的股利收入已经包含在保险事业的净投资收益项下)。

The following table sets forth our 1997 look-through earnings, though I warn you that the figures can be no more than approximate, since they are based on a number of judgment calls.

年的购并活动 1997 年我们同意买下星辰家具与国际乳品皇后(后者在 1998 年初正式敲定)，两家公司都完全符合我们的标准，产业性质单纯，拥有绝佳的竞争优势且由杰出的人才所经营。

Now, however, expectations for media have moved toward the bob-around model. And, as our simplified example illustrates, valuations must change dramatically when expectations are revised. We have a significant investment in media - both through our direct ownership of Buffalo News and our shareholdings in The Washington Post Company and Capital Cities/ABC - and the intrinsic value of this investment has declined materially because of the secular transformation that the industry is experiencing. Cyclical factors have also hurt our current look-through earnings, but these factors do not reduce intrinsic value.

我们在媒体事业有相当大的投资，不管是百分之百拥有的水牛城日报或是在华盛顿邮报与资本城/ABC 的股票投资，而这些媒体事业的价值因为前面所提到的产业所面临的形态转变而大幅滑落，(景气循环因素也使得我们现在的透视盈余大受影响，虽然还不致于让实质价值减少)，然而就像是我们经营伯克希尔的企业原则所揭示的，我们不会只是因为还有其它更有利的资金用途，就随便将已被列为永恒的事业或主要投资出售，(当然之前我们也确实卖了一些媒体股，不过规模相对较小)。

From the industry perspective, the industry's 2008 earnings are forecast at the low end of history.

从行业的角度来看，该行业2008年的收入预计为历史的低端。

Home Depot now trades at 17 times expected 2009 earnings and Lowe's at 16 times.

按照2009年的预期收益计算，目前家得宝的市盈率是17倍，而Lowe's是16倍。

U.S. financial crisis, many listed companies in profits and earnings are at historic lows.

美国金融危机，很多上市公司的利润和收入达到了历史低点。

And the stockmarket may fail to appreciate the lumpiness of the firm's earnings.

而且，股市可能无法理解公司利润的起伏不定。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。