Comments on: Investors Fin. Services (IFIN) http://stockherd.com/moosepond/2005/07/investors-financial-services/ Online Journal for the Moose Pond Investors Club Tue, 12 Feb 2008 02:58:15 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Anonymous http://stockherd.com/moosepond/2005/07/investors-financial-services/comment-page-1/#comment-8 Anonymous Fri, 15 Jul 2005 15:18:40 +0000 http://stockherd.com/moosepond/?p=55#comment-8 Investors Financial Warns Investors Financial Services dropped 15% late Thursday after the financial back-office company slashed earnings guidance, citing interest rate pressure. The Boston-based asset administrator posted second-quarter earnings of 64 cents a share, up from 50 cents a year earlier. While the bottom line appeared to be a nickel ahead of the Thomson First Call analyst consensus estimate, Investors Financial said the quarter included 16 cents' worth of securities and offshore tax gains Investors Financial also cut its earnings forecast. The company now sees 2005 earnings of some $2.30 a share, with core earnings flat with the year-ago $2.09. Investors Financial said 2006 core earnings would rise 8%-10% from the reduced 2005 core projections. Analysts had forecast earnings of $2.50 a share for 2005 and $2.98 for 2006. The company cited a flatter-than-expected yield curve; narrower-than-expected reinvestment spreads; weaker-than-expected market-sensitive revenues, including fees linked to both the equity and foreign currency markets; and continued investments in headcount and technology to support new and existing clients. Investors Financial Warns
Investors Financial Services dropped 15% late Thursday after the financial back-office company slashed earnings guidance, citing interest rate pressure.

The Boston-based asset administrator posted second-quarter earnings of 64 cents a share, up from 50 cents a year earlier. While the bottom line appeared to be a nickel ahead of the Thomson First Call analyst consensus estimate, Investors Financial said the quarter included 16 cents’ worth of securities and offshore tax gains
Investors Financial also cut its earnings forecast. The company now sees 2005 earnings of some $2.30 a share, with core earnings flat with the year-ago $2.09. Investors Financial said 2006 core earnings would rise 8%-10% from the reduced 2005 core projections. Analysts had forecast earnings of $2.50 a share for 2005 and $2.98 for 2006.

The company cited a flatter-than-expected yield curve; narrower-than-expected reinvestment spreads; weaker-than-expected market-sensitive revenues, including fees linked to both the equity and foreign currency markets; and continued investments in headcount and technology to support new and existing clients.

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