MSFDC - Microsoft/First Data Corp Joint Venture Message Board

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Technology Stocks : MSFDC - Microsoft/First Data Corp Joint Venture

MSFT 487.71

-0.1%

Dec 26 9:30 AM EST

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To: AugustWest who wrote (51)	9/18/1998 4:55:00 PM
From: AugustWest	Read Replies (1) of 126

Earnings Outlook First Data Corporation also said that based on indications of declining rates of growth in consumer spending and other factors, the Company is adjusting its outlook for the remainder of the year and now expects 1998 earnings to be in the range of $1.55 - $1.60 per share. Slower growth in consumer spending affect the Company's merchant processing businesses and, to a lesser extent, its card issuer services business. Other factors include an improved but still below target rate of revenue growth in the information businesses, and delayed revenue and higher spending on certain new product initiatives. Seems everybody got the delays. Wonder if for the same reasons. marketwatch.newsalert.com

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