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Hundreds of Firms Announce Warnings of Financial Results.
Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News) Publication Date: 30-MAR-01 |
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COPYRIGHT 2001 Daily News
Byline: David Andelman
Mar. 30--Companies have begun warning at the most intense pace in years that their businesses are heading into the dumps. The warnings are likely to accelerate in coming weeks, keeping pressure on the stock market.
At least 662 companies have warned that their financial results for the first three months this year will fall short of Wall Street's expectations. That number is 31 percent more than in the already-slumping...
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