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Investors Rebuff Overture
Updated from April 23
Overture Services (OVER Quote) slashed 2003 earnings guidance Wednesday, sending its stock plunging 26% Thursday morning.
The pay-per-click search engine operator reduced its fiscal-year earnings forecast by some 39%, cutting its target to a range of 35 cents to 42 cents a share. Wall Street analysts had been forecasting earnings of 63 cents. ...
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