*NEWS*FINANCIAL BALL GAZING: IKON/2004-10-17

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*NEWS*FINANCIAL BALL GAZING: IKON/2004-10-17

 user 2013-06-24 at 4:05:42 am Views: 144
  • #2250

     
    Financial Ball Gazing: IKON

    Analysts at Lehman Brothers maintain their "equal weight" rating on IKON Office Solutions (IKN.NYS), while reducing their estimates for the company.

    In A research note published this morning, the analysts mention that the company's 4Q04 earnings are expected to be negatively impacted by a lower contribution from Post sales. IKON Office Solutions' Post sales for the quarter are expected to be flat or moderately lower on a y/y basis, the analysts add. The company's equipment sales are expected to decline 1% y/y, Lehman Brothers adds. The EPS estimate for 4Q04 has been reduced from $0.17 to $0.15.







    * Post was edited: 2004-10-17 10:08:00