Tuesday, January 29, 2008

Countrywide 4th Quarter Earnings

Remember a few months ago when Countrywide said: (source)
The company expects its earnings per share in the fourth quarter to range between 25 cents and 75 cents. It also anticipates its return on equity for 2008 to range between 10 percent and 15 percent.
Well, that didn't quite work out. Today, the company reported a loss of 422 million, or 79 cents per share. I'll report more about it once they file their FDIC call report.

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