Temple-Inland (TIN) Falls On Lower Q4 and FY07 Outlook
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Price: $31.99 --0%
Financial Fact:
Total cost and expenses: -946M
Today's EPS Names:
CHA, EDXC, YAYO, More
Financial Fact:
Total cost and expenses: -946M
Today's EPS Names:
CHA, EDXC, YAYO, More
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Temple-Inland (NYSE: TIN) announced yesterday, through an SEC filing, that it would need to lower its prior earnings forecast for the fourth quarter and full-year 2007. The Company now expects financial services earnings to be in the range of $15 to $20 million for Q4 and in the range of $150 to $155 million for the FY07. Temple-Inland attributed the lower outlook to an increase in loan-loss provisions in the near-term.
Shares of Temple-Inland are down 4% in this mornings trading session and have hit a new 52-week low at $31.57. Temple-Inland stock is down about 30% year-to-date and down more than 50% from its 52-week high at $66.28, set in July.
Recent events such as Carl Icahn boosting his stake in Temple-Inland from 8.8% to 9.8% and a $10.25 special, one-time cash dividend have failed to stop the Company's slide and it appears a downtrend will continue.
Temple-Inland, Inc., through its subsidiaries, engages in corrugated packaging, forest products, real estate, and financial services businesses in the United States.
Shares of Temple-Inland are down 4% in this mornings trading session and have hit a new 52-week low at $31.57. Temple-Inland stock is down about 30% year-to-date and down more than 50% from its 52-week high at $66.28, set in July.
Recent events such as Carl Icahn boosting his stake in Temple-Inland from 8.8% to 9.8% and a $10.25 special, one-time cash dividend have failed to stop the Company's slide and it appears a downtrend will continue.
Temple-Inland, Inc., through its subsidiaries, engages in corrugated packaging, forest products, real estate, and financial services businesses in the United States.
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