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Posted AT 2:33 PM EST on 28/03/08

Earnings estimates can get even worse

JOHN HEINZL

Globe and Mail Update

Everyone knows first-quarter U.S. earnings will be lousy. You can't have a slowing economy and a credit crisis without companies feeling the pain on their bottom lines. Now, there's reason to believe the numbers may be even worse than consensus analyst estimates suggest. When people talk about earnings expectations, they usually base their forecasts on the average estimate of all analysts covering a stock.

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