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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: MythMan who wrote (289915)6/28/2004 6:55:02 PM
From: mishedlo   of 436258
 
Wamu blames interest rates
WTF?
Weather and Shrek II are much better and more believable excuses

Washington Mutual cuts 2004 earnings forecast (WM) By Carolyn Pritchard
SAN FRANCISCO (CBS.MW) -- Washington Mutual (WM) cut its 2004 earnings forecast after Monday's closing bell, citing the impact of higher long-term interest rates on its mortgage lending business. The mortgage lender and savings and loan said it now expects to post a per-share profit ranging $3 to $3.60 for the year, vs. analysts' average forecast of $4.24 a share, according to Thomson First Call. Shares of Seattle-based Washington Mutual ended Monday's regular session up 13 cents at $41.31. The stock was halted for trade after the closing bell.
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