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COPYRIGHT 2005 The Dallas Morning News
Byline: Will Deener
Mar. 28--Companies will acknowledge their financial sins this week when the so-called earnings pre-announcement period begins in earnest.
Over the next couple of weeks, companies that expect to miss their quarterly earnings targets will try to explain why to Wall Street, shareholders and anyone else who will listen. These corporate confessionals could unnerve an already skittish stock market.
"We are still in a very fragile state in terms of both business confidence and consumer confidence," said Charles Hill, president of Veritas et Lux, a Boston investment research firm.
The bulk of the companies in the Standard & Poor's 500 index will begin releasing their actual first-quarter earnings statements in mid-April. But before the release of these reports, some companies will announce whether they...
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