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Bowne Lowers Earnings Estimates For Fourth Quarter.

Publication: PR Newswire

Publication Date: 31-JAN-01
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COPYRIGHT 2001 PR Newswire Association LLC

NEW YORK, Jan. 31 /PRNewswire/ --

Bowne & Co., Inc. (NYSE: BNE) today announced that it expects earnings for the period to be below its earlier estimates, primarily due to lower than anticipated volumes in the Company's financial printing business.

Robert M. Johnson, Chairman and Chief Executive Officer of Bowne, said, "As most observers of the financial markets know, the number of transactions and, in particular, initial public offerings, dramatically decreased in the latter part of 2000. While we were on target with earnings...

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