-->Freddie Mac 2003 Profit Falls 52 Percent

WASHINGTON (Reuters) - U.S. mortgage finance provider Freddie Mac (NYSE:FRE - News), struggling to straighten out its books and its reputation after an accounting scandal, on Wednesday reported its 2003 profit fell 52 percent.

Freddie Mac said the decline was due to a drop in the value of derivatives it uses to hedge against interest rate swings, and warned of similar fluctuations in the future.

....

Freddie Mac in 2003 earned $4.9 billion, or $6.79 per share, down from $10.1 billion, or $14.18 per share, in 2002. Analysts polled by Reuters Estimates were expecting a 2003 profit of $5.90 per share, with estimates ranging from $5.70 to $6.56 per share.

Quelle

die dann noch weiter rückläufigen Hypothekenanträge (heute -4,4%) verheissen auch nichts Gutes für die Zukunft

Gruss
Cosa