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The effect of the change on 1989 operating results was not material.
"I think the operating results speak for themselves," he said.
What strategies are likely to help improve future operating results?
But in yesterday's announcement, the operating results were not included.
"Yes, the operating results were not what I would have liked," he said.
Operating results for this unit are expected to improve significantly in 1991.
Those estimates were based on assumptions of strong operating results at Case.
Operating results for financial services were seven times higher.
Higher taxes would also hurt operating results in the fourth quarter, he added.
The company said progress on adjusting costs in the defense business should improve its operating results by 1991.
The firm said that before the charges it expected to break even in its operating results for the fourth quarter.
But some expressed disappointment with the company's operating results, which were not reported separately.
Moody's said the company's operating results weakened recently, but would probably improve.
But past operating results give no hint of a surge in profits.
Citing a weak market for computers and computer products, the company said it had become more difficult to project future operating results.
That takes pressure off companies and improves operating results.
He said the company was planning to take "strong steps" to improve its operating results and would announce a specific plan "in the near future."
Nonetheless, both companies' stocks rose as operating results were roughly in line with estimates.
Setting aside the charges, some analysts said, reveals operating results that were better than they expected.
Operating results are figured before taxes and special charges.
For the second half of the year, shifts in currency exchange rates should help operating results, company executives said.
In most cases, these companies have fairly uneven operating results - that's just the nature of the business."
"I believe these are very strong operating results," Sir Christopher said.
It said the restatement would not affect Continental's operating results for those two years.
He said when this was factored into Midway's annual operating results, they would be about $37 million lower.