News That Broke Before
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Monday December 17, 2001GLOBAL
INDUSTRIES LTD (GLBL, 7.30)- The provider of intermediate water
offshore construction services warned that its 2001 revenues will fall
short of expectations. The company now sees revenues of $400-$410
million compared to analysts' estimates of $438 million. The company
sees full year 2002 earnings of $0.30-$0.40 per share, above analysts'
estimates of 26 cents.
PETRO-CANADA (PCZ, 23.60)- The
oil company said its exposure to the Enron debacle will reduce its fourth
quarter earnings by six cents.
R.G. BARRY CORP (RGB, 4.75)- The
footwear maker received a favorable mention in this weekend's
Barron's. An analyst sees the stock rising to the "double
digits".
STEARNS & LEHMAN INC (SLHN, 3.70)-
The maker of specialty beverage products said its second quarter earnings
slipped a penny to 14 cents per share. Revenues in the quarter rose
24.4% to $6.55 million.
VALUE LINE INC (VALU, 40.25)- The
investment publisher and investment management company said its second
quarter earnings fell 15.3% to 55 cents per share. Revenues in the
quarter dropped 15.2% to $21.78 million.
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