Cone confirms 3Q earnings forecast
September 30, 2002,
Fabric producer Cone Mills Corp., in the midst of a turnaround and earnings comeback following a sweeping restructuring, said that despite a soft economy it's sticking with its forecast for a profit of $0.08 to $0.10 a share for the third fiscal quarter.
The textiles producer is trying to distance itself from companies with highly publicized problems of other companies and said it was issuing the earnings guidance "in view of the recent uncertainty in capital markets and the large number of negative pre-announcements."
Related Content By Author
The Countdown to the ICON Honors
Home & Textiles Today eDaily