TITLE

Astoria Profits Fall, But Investors Optimistic

AUTHOR(S)
Rieker, Matthias
PUB. DATE
October 2003
SOURCE
American Banker;10/20/2003, Vol. 168 Issue 201, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Thrift company, Lake Success, New York, Astoria Financial Corp.'s shares rose 1.29% Friday in a falling market, as most investors focused on its promise that earnings will improve next year, when rising interest rates will provide relief from its current pains. Per-share earnings of 53 cents missed analysts' consensus by 6 cents. But George L. Engelke Jr., Astoria's chairman, president, and chief executive officer, offered hope for next year when he told investors on a conference call Friday that earnings should be flat this quarter but then "increase robustly."
ACCESSION #
11108476

 

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics