Pro forma earnings.

In business and accounting, pro forma earnings are estimated income figures that companies include on financial statements to investors. Pro forma earnings project what a company's profits would likely be if unusual or randomly occurring expenses were excluded from the company's financial reports. The traditional wisdom of reporting pro forma financial figures instead of actual figures is that random or one-time expenses obscure a company's true financial position because they are not part of standard expenses over a financial quarter, year, or other period. Companies that omit these rare expenses in favor of pro forma figures on financial reports hope to provide investors with more accurate assessments of their financial outlooks.