Q4 Results Bode Ill For P-C Sector, Says Analyst
NU Online News Service, March 10, 3:12 p.m. EST?Fourth-quarter property-casualty insurance results do not bode well for that industry this year, said Prudential Financial analyst Jay Gelb in an investors note.[@@]
"Looking ahead, we have reduced our 2005 and 2006 EPS [earnings per share] estimates for most of the companies in our universe," he wrote.
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