Reuters' Q3 Results Spook Investors

- WatersTechnology Staff
- 21 Oct 2002

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The Reuters bashers on the Yahoo! Finance message board had a ball last Wednesday. In the third quarter trading statement, chief executive officer Tom Glocer shook investors by lowering underlying revenue forecasts for the second half of 2002 to down six to seven percent from down five to six percent, the range he had been using since April. (See the related story on the meeting, this issue.)

As if the lowered expectations for the second half weren't enough, he said, "I certainly expect that

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Reuters' Q3 Results Spook Investors

THE INSIDE TRACK

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