Caution flag on earnings
Article Abstract:
DuPont, the largest chemical firm in the US, warned of disappointing financial figures, stressing that the firm's earnings in the second quarter of 1998 will drop up to 15% below forecasts. Following the warning made by the firm, DuPont's blue-chip stocks on Jul. 9, 1998, fell 7 to $70 1/8. DuPont's less-than-expected earnings in the second quarter of 1998 were attributed to weak oil prices, currency fluctuations and financial turmoil in Asia. According to strategist John Manley at Salomon Smith Barney, DuPont is another indication that manufacturing is decelerating.
Comment:
Warns of disappointing results, stressing that this co's earnings in the 2nd qtr of 1998 will drop up to 15% below expectations
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1998
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Amid market chaos, busy Schwab bags 28% profit growth
Article Abstract:
Charles Schwab of San Francisco, CA, has reported a 28% increase in profit in the third quarter of 1998, to $97.8 million, or 35 cents a share, on revenue of $705 million. Unlike Merrill Lynch, which lost $164 million in the quarter and laid off 3,400 employees, the company gained from the volatile stock market. Despite the downturn in the stock market since July 1998, the company's stock outperformed the brokerage sector. During the third quarter, the company was the 13th-best performing stock among the Standard & Poor's 500 companies.
Comment:
Has reported a 28% increase in profit in the third quarter of 1998, to $97.8 million, or 35 cents a share, on revenue of $705 mi
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1998
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Special charge threatens health merger
Article Abstract:
United HealthCare's pending $3.2 billion merger with Humana of Louisville, KY, is jeopardized by United HealthCare's $900 million special charge in the second quarter of 1998. The charge ignited discussions among analysts that Humana should discard the merger deal originally valued at $5.4 billion in stock plus $850 million in debt. Humana, which appeared shocked with Minneapolis, MN-based United HealthCare's charge, declared that it would evaluate its planned consolidation with United HealthCare.
Comment:
United HealthCare's pending $3.2 bil merger w/ this co is jeopardized by United's $900 mil special charge in the 2nd qtr of 1998
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1998
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