Estimating Trailing 12-month Earnings number

Description
The key to getting an updated value is working with updated numbers. In this webcast, I look at how use an annual and quarterly report to construct a twelve-month earnings number.

I use Apple's 10K from 2012 and a 10Q from 2013 to illustrate the process.

Note: this model is being shared with the authorization of Professor Aswath Damodaran from NYU Stern Business School