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To: eddie r gammon who wrote (8505)10/13/1998 11:21:00 AM
From: IceShark  Read Replies (2) | Respond to of 86076
 
Aint that the second one to blow up on American Home ?

Yup. The CEO is an AZW of the first degree, so everyone gets second thoughts after a bit of exposure. I don't think it was really a surprise, but the respective shareholders sure are getting wacked. Them arb boyz also are sure being waxed lately, too. -g-

Regards, IS



To: eddie r gammon who wrote (8505)10/13/1998 11:22:00 AM
From: Cynic 2005  Respond to of 86076
 
First call reports that companies are reporting fabulous, fabulous earnigns!
---------
First Call third quarter U.S. earnings scorecard
NEW YORK, Oct 13 (Reuters) - First Call third quarter 1998 U.S. corporate earnings scorecard through October 12.

Earnings versus expectations
Number Percentage
Number of S&P 500 cos. reported 46 9
Positive surprises 15 33
Positive reports 14 32
On target 10 21
Negative reports 2 4
Negative surprises 5 10
Average positive bias (1) 4.4

Earnings versus a year ago
Number Percentage
Number of S&P500 cos. reported 46 8
Above year ago 25 54
Matched year ago 1 2
Below year ago 20 44
Pct EPS above year ago -1.4

First Call forecast year-on-year Q3 growth(2) <-3.2