What's " third-quarter earnings report"?
I found it in this sentence.
"Sina's service had nearly 230 million registered accounts as of September. Only a tiny portion, or about 800,000, had verified identities, the company said during its third-quarter earnings report. "
I can understand the meaning of the whole sentence, but what's "third-quarter earnings report"? Does it mean "earning report in autumn"? Can you tell me?
Thank you and happy new year to you.
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Answers · 2
4
To understand this, you need to know what a fiscal year is. In English, a fiscal year is a unit of time equal in length to a year. The only difference is that it does not start at the same time as a new year -- it starts when the businesses decide it does. This fiscal year is then split into fiscal quarters. Your sentences references the third-quarter. Basically, the third fiscal quarter. This is not necessarily the third quarter of the real year (autumn).
Otherwise, yes, it is just an earning report in the third quarter of the fiscal year.
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