I asked chatgpt what are Core Earnings for Q3 based on the sequential framework described here and got adjusted EPS at $0.79 (higher than PYQ).
Does it make any sense ? Thanks.
ChatGPT on the pension expenses:
The company incurred a significant one-time, non-cash expense of $7.6 million due to the termination of its U.S. defined benefit pension plan, which reclassified historical unrecognized losses from Accumulated Other Comprehensive Income into earnings. This expense is explicitly noted as nonrecurring