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Cendant (CD Quote) reported solid fourth-quarter profits, citing strong revenue growth at many of its real estate and travel businesses.
The New York-based services conglomerate said Monday that net income was $357 million, or 33 cents a share, up 30% from $288 million in the fourth quarter of 2003. The figure was in line with the 33-cent analyst consensus estimate published by Thomson First Call.
In after-hours trading, Cendant stock slipped 40 cents, or 1.7%, to $22.57. Earlier, shares finished regular trading up 55 cents, or 2.4%, at $22.97. ...
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