In a long awaited restatement of first quarter income, El Paso Corp. reported a loss of $206 million (32 cents/share), compared with a restated loss of $431 million (72 cents) in 1Q2003. The company is revising its earnings numbers through 2001, and it expects to file the second quarter restatement by the end of November.
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El Paso’s 1Q Restatement Verifies Losses
In a long awaited restatement of first quarter income, El Paso Corp. reported a loss of $206 million (32 cents/share), compared with a restated loss of $431 million (72 cents) in 1Q2003. The company is revising its earnings numbers through 2001, and it expects to file the second quarter restatement by the end of November.
October 29, 2004
El Paso’s 1Q Restatement Verifies Losses
In a long awaited restatement of first quarter income, El Paso Corp. reported a loss of $206 million (32 cents/share), compared with a restated loss of $431 million (72 cents) in 1Q2003. The company is revising its earnings numbers through 2001, and it expects to file the second quarter restatement by the end of November.
October 29, 2004
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