US earnings take centre stage
- From: Vol 3, Issue 3 (March 2002)
- Category: Performer of the month
- Region: Unspecified
- Country: United States
- Related Companies: Calgon Carbon, Cheung Kong Group, Connecticut Water, Danaher, Enel, General Electric (GE), Ionics, Kelda, Millipore, Osmonics, Pall Corp, Pennon/South West Water, Viridor and Wessex Water
US earnings reports for 2001 took centre stage last month as weary investors watched for signs of economic recovery. The Dow Industrial Average hit 10,000 for the first time since the middle of January and all economic indicators are pointing to improved economic conditions.
Overall, the US water industry saw improved earnings during the fourth quarter of 2001. However, revenues and earnings for the year were mixed.
Despite improvements in market conditions, the technology and filtration sector struggled during February. Stock prices for Pall Corporation dropped 13.3% to $20.00 after the company reported a 4% drop in revenues for the six months ...
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