This seems rather ironic.
UK says, "our earnings sucked, our outlook sucks and the market takes it up close to $4." NT obviously needs to quit outgrowing expectations. ;^)
Ian.
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** Union Carbide Corp. (UK: 40-3/8, + 3-5/8) said on Monday its third-quarter profits fell 62
percent, hurt by rising costs of energy and raw materials, but it still beat revised earnings expectations.
Union Carbide said net income fell to $29 million, or 22 cents per diluted share for the quarter ending
Sept. 30, compared with $77 million, or 58 cents a share in the year earlier period. The year-ago
period included a gain of 21 cents per share from a litigation settlement. The company warned earlier this month that its earnings would be in the range of 20 cents a share, while analysts had at the time been expecting 57 cents a share for the company. Since then, analysts on average have lowered their estimates to 20 cents a share, according to First Call/Thomson Financial. Revenues rose to $1.64 billion for the third-quarter of this year, up 9.2 percent from $1.50 billion a year ago. |
