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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: patron_anejo_por_favor who wrote (89212)3/25/2001 6:07:17 PM
From: isopatch  Read Replies (1) of 95453
 
Entering peak period for warnings:

"Normally the peak [profit warning] weeks would be [this] week and the two weeks after that," said Chuck Hill, director of research at earnings tracker First Call. And that's not all. Hill expects a record number of warnings from companies who next month report actual results for the January-March period.

For the first quarter, analysts surveyed by First Call forecast profits among companies in the Standard & Poor's 500 index falling 7.2 percent, on average. That tally, if it holds, would be the worst quarter since 1991."

cnnfn.cnn.com
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