Shares of Waste Management fall 37% on forecast

Article Abstract:

Waste Management Inc. saw its share value drop by 37% following the company's negative forecast for its earnings in the second-quarter of 1999. Waste Management, a pollution control giant, is expecting to post 67 US cents to 70 US cents per share in earnings for the period. This does not include merger-related costs. During the same period in 1998, Waste Management posted earnings of 41 cents per share.

Comment:

Gives negative forecast for earnings in second-quarter of 1999

Refuse Systems, Waste Collection, Finance, Refuse disposal industry, Waste management industry, Waste Management Inc. (Houston, Texas)

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Phelps Dodge says loss will be wider than forecast

Article Abstract:

Phelps Dodge Corp. is forecasting a higher-than-expected loss for the 2001 second-quarter. The company expects to post a $1.38 to $1.48 (1.60 euros to 1.72 euros) per share, one-time items loss for the period.

Copper Mines, Copper Ore and Nickel Ore Mining, Copper ores, Copper mining, Mining industry, Copper industry, Phelps Dodge Corp., PD

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Oakley shares fall to 52-week low on weak forecast

Article Abstract:

Oakley Inc. saw its share value fall by 34% after the firm reduced its profit forecasts for the rest of the 2001 year. The drop in share value was a 52-week low.

Securities prices, Ophthalmic goods, Ophthalmic Goods Manufacturing, Eye Goods NEC, Brief Article, Eyewear industry, Eyewear, Oakley Inc., OO

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