Very sloppy Snoopy. Income is normally referable to revenue and XRO does have revenue. Its just its costs exceed the income. How can you make errors like that yet expect to be able to understand the complexities of Heartland Bank.
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Sorry Harvey, you are not correct
http://www.investorwords.com/2400/income.html
Income:
For corporations, revenues minus cost of sales, operating expenses, and taxes, over a given period of time.
In this instance it is you who are the sloppy one.
SNOOPY
You're referring to net income.
“Net income” is the phrase commonly used to refer to a company’s “profit.” It represents how much money the company has left over, if any, after it’s paid the costs of doing business — payroll, raw materials, taxes, interest on loans, etc.."
But then again for the man in the street
INcome less OUTgoings equals Profit
Seems a lot simpler
But we know what Snoopy meant so lets not dwell on it.
Methinks everybody is right ... one way or the other