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In a press release, Dick's Sporting Goods reported that its fiscal first quarter net income...

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Accounting

In a press release, Dick's Sporting Goods reported that its fiscal first quarter net income fell by 46% due to losses related to discontinued operations but earning from continuing operations jumped 19% amid a modest increase in sales. The specialty athletic said net income was $20 million for the quarter ended May 4, compared to $37 million a year earlier. The latest results included a loss of $18 million from discontinued operations. Last year, the company had earnings of $5mmillion, or four cents a share from discontinued operations. Dick's said earing from continuing operations were $38million, compared with $32 million a year earlier.

Discuss how Dick's press release to earnings quality.

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