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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (77598)10/15/2002 8:56:10 AM
From: 2MAR$  Respond to of 208838
 
WCI WCI Communities reduces Q3, full yr outlook (12.09)
Homebuilder cuts its Q3 outlook to $0.20-$0.24 from previous guidance of $0.32-$0.37 and Multex consensus of $0.33. For the full yr, WCI cuts outlook to $2.28-$2.37 from $2.45-$2.58 (consensus $2.56). WCI blames the likely default on five purchase contracts at its luxury Trieste Tower in Naples, Florida and the potential of up to 48 purchasers at a mid-rise in Naples exercising their right to cancel their contracts.


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