Hercules profits down to y2k and other problems.greenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread |
Hercules Warns Profit Missed Estimate, Citing Interest Rates, Y2K ShutdownsFourth quarter results for Hercules Inc. are to be up to 25% less than estimates from analysts. The company said interest rates and Y2K problems were some of the problems. The company's stock fell almost 11% due to the announcement. W.R. Grace & Co. announced that their fourth quarter earnings would be better than estimated. W.R. Grace shares grew 9.4%. Some analysts worried that Hercules is facing more costs than other companies and worry their problems will continue. But Hercules reported that although they faced a large cost at the end of the year, business sales and profits for three of its units were up
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-- Martin Thompson (mthom1927@aol.com), February 04, 2000