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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: MulhollandDrive who wrote (32871)3/17/2003 5:22:41 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 57110
 
17:07 ET GTW Gateway guides below consensus (2.40 +0.20)
Company announces details of $400 mln cost cutting plan, will close 80 stores, lay off 1,900, warns for Q1 (Dec), sees Q1 revenues of $820-850 mln, Multex consensus is $955 mln. GTW also sees Q1 loss of $0.62-0.66, but this includes restructuring costs and is not comparable to analysts' estimates.