Why did this happen? The first quarter loss would have been $436 million, excluding one-time accounting changes and government payroll support payments. The average estimate of 17 analysts surveyed by FactSet was a loss of $4.30 per share. Kelly began the call with analysts and reporters by bluntly stating We lost a billion dollars in the first quarter, leaning into the companys unadjusted loss rather than its net profit after one-time accounting items. In the first quarter of 2020 it lost $223 million, or $1.89 a share.
The average estimate for Comparative PROVE proposed studies is called the "industry Average."
( z0 call :ARG1 ( z1 estimate :ARG1 ( z2 study :ARG1-of ( z3 propose ) :ARG1-of ( z4 prove :ARG1-of ( z5 compare ) ) ) ) :ARG2 ( z6 average :ARG1 z1 :mod ( z7 industry ) ) )
(z0 / call-01
    :ARG1 (z1 / estimate-01
              :ARG1 (z2 / study-01
                        :ARG1-of (z3 / propose-01)
                        :ARG1-of (z4 / prove-01
                                     :ARG1-of (z5 / compare-01))))
    :ARG2 (z6 / average-01
              :ARG1 z1
              :mod (z7 / industry)))
The average estimate for Comparative PROVE proposed studies is called the " industry Average . "
z4 :ARG1-of z5
z2 :ARG1-of z3
z2 :ARG1-of z4
z1 :ARG1 z2
z0 :ARG1 z1
z6 :mod z7
z0 :ARG2 z6
z6 :ARG1 z1