Hub Gives Up Tempo Earnings Guidance
NU Online News Service, Dec. 12, 11:31 a.m. EST?Hub International, Ltd. in Chicago announced that it sees continued earnings improvement for both 2002 and 2003.
For 2002, the insurance broker said it anticipates fourth-quarter earnings of between 22 and 24 cents per diluted share, bringing earnings for the year in at between $1.01 and $1.03 a share.
Hub said it expects 2003 earnings will increase to a range of $1.08 to $1.17 per share.
The company said it plans to provide further guidance in January 2003, after completion of its full budget process for the coming year.
The firm, which has its roots in Canada, said it used Canadian Generally Accepted Accounting Principles in the preparation of its earnings figures.
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