In the first quarter,
was clearly not where the trade
The top dealer in shares on the
Nasdaq Stock Market, said it expects first-quarter profits to fall short of expectations, due to, well, duh, the falling stock market. The firm said it expected to report earnings of 18 cents to 20 cents a share, well short of the 28 cents the 15-brokers polled by
Thomson Financial/First Call
On Jan. 17, the company said it expected to earn 32 cents to 40 cents for the quarter, but sharply reduced those estimates as the Nasdaq has gone into free-fall. The company earned $1.07 in the first quarter of 2000.