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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Killswitch who wrote (10836)	10/15/2002 11:38:20 AM
From: J D B	Respond to of 30712

11:15 ET C Citigroup earnings quality questioned (33.18 +2.87) -- Update -- Hearing lots of talk that C actually missed estimates if a gain due to the sale of a building is excluded - the sale of 399 Park Ave yielded a gain of $323 mln after tax, or about six cents per share. A note from Keefe Bruyette indicates that they did not include the sale in estimates and that C earnings therefore missed their estimate; it is not clear if other firms had also excluded this non-operating item from estimates