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Strategies & Market Trends : P&S and STO Death Blow's

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To: Softechie who wrote (25003)1/18/2003 8:43:48 AM
From: DebtBomb  Read Replies (1) of 30712
 
Company Forecasts Expected to Be Dim

NEW YORK (Reuters) - Investors are bracing for a tidal wave of profit forecasts from U.S. companies next week, and there is a growing belief the flood will bring more bad news.

As fourth-quarter results roll in, investment professionals will mostly skip over last year's earnings tallies and go straight for forecasts. After disappointing projections from companies, including software maker Microsoft Corp., Wall Street isn't anticipating much good news.

biz.yahoo.com
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