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Chorus Aviation Files Amended Second Quarter 2019 Management's Discussion & Analysis
Chorus Aviation Files Amended Second Quarter 2019 Management's Discussion & Analysis ...
About this update from Chorus Aviation Inc.
[{"type":"text","content":"\n\n\n\nChorus Aviation Files Amended Second Quarter 2019 Management's Discussion & Analysis\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nChorus Aviation Files Amended Second Quarter 2019 Management's Discussion & Analysis\nCanada NewsWire\nHALIFAX, Aug. 13, 2019\n\n\n\nHALIFAX, Aug. 13, 2019 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) announced it has refiled its Second Quarter 2019 Management's Discussion and Analysis of Results of Operations and Financial Condition ('MD&A') to correct an error in the Adjusted net income per basic Share figures reported therein.\nOn pages 3, 34 and 38 of the MD&A, the references to Adjusted net income per basic Share of $0.19 for the quarter and $0.32 for the year-to-date period have been amended to reflect the correct figures of $0.16 and $0.28, respectively. The Adjusted net income per basic Share figures contained in Chorus' news release issued earlier today titled \"Chorus Aviation Announces Second Quarter 2019 Financial Results\" reflected the same error and should be read as amended by this news release.\nChorus' unaudited interim condensed consolidated financial statements for the three and six months ended June 30, 2019 filed earlier today are not affected by the error described above.  \nNON-GAAP FINANCIAL MEASURESAdjusted net income and Adjusted net income per Share are non-GAAP financial measures.  Chorus uses these and other non-GAAP financial measures to evaluate and assess performance.  Non-GAAP measures are generally numerical measures of a company's financial performance that include or exclude amounts from the most comparable GAAP measure.  As such, these measures are not recognized for financial statement presentation under GAAP, do not have a standardized meaning, and are therefore not likely to be comparable to similar measures presented by other public entities. \nA reconciliation of non-GAAP measures to their nearest GAAP measures is provided in the MD&A.\nAdjusted net income and Adjusted net income per Share are used by Chorus to assess performance witho...