Best indicator for future earnings

CFA Level I
#1

Schweser notes book 3 page 19 says"recurring income from continuing operations is generally considered to be the best indicator of future earnings." recurring income on page 18 is the same as “Recuuring (pretax) income from continuing operations”,which is above “net income from continuing operations.” in between the 2 are" unusual or infrequent items" and “income tax” however, on page 26 it says net income from continuing operations is the best indicator of future earnings. Which one is true, they’re conflicting each other. thanks in advance

#2

please help

#3

http://www.analystforum.com/phorums/read.php?11,516192,516295#msg-516295 I had this same question in June. See the thread above. I think I remember talking to schweser about it and what they put on page 26 was wrong.

#4

thanks for your help. that makes sense