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Non-Tech : United States Enrichment Corporation (USU)

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To: Stock moghul who wrote (30)10/16/1998 8:22:00 AM
From: Terrapin   of 81
 
More news: (actually an excerpt of what you posted) (Too bad they chose this point to emphasize)

Friday October 16, 1:16 am Eastern Time
USECexpects FY99 earnings to miss estimates
BETHESDA, Md., Oct 15 (Reuters) - USEC Inc. said Thursday that it expects fiscal 1999 earnings to fall about 25 percent below analysts' consensus estimates of $1.60 per share.

The company attributed the shortfall to expectations that fiscal year 1999 costs will be greater than previously estimated because the effects of record-high electric power costs, an unanticipated downward revision in the inflation index by the Department of Commerce, and increased interest and income tax expenses.

USEC, which was formed when the government sold its uranium enrichment business, said in a statement that it expected its revenue for that period to remain in line with current estimates.

Its stock closed Thursday at 15-1/2, up 5/16 on the day.

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