Some companies are being forced to restate recent earnings to reflect a new, more conservative approach to accounting.

Its most recent quarterly earnings were its best in years.

Performance Food closed on Friday at $37.63, or 23 times its recent earnings per share.

In 2000, Enron stock was trading at an astronomical 66 times recent earnings.

The new strategy's success, however, is hardly reflected in recent earnings reported by the leading carriers.

Analysts said investors were disappointed in recent earnings by oil companies.

And the most recent earnings reports cannot be ignored.

How much the momentum of the two companies has diverged became clear in recent earnings announcements.

Revenues grew 25 percent for this unit, according to the company's recent quarterly earnings report.

Even with recent strong earnings and record sales, Wall Street analysts remain cautious.