AOL Time Warner investors prepare for a fall

Profits warning due later today...

By Sonya Rabbitte, 7 January 2002 11:30

NEWS Shares in AOL Time Warner remained steady this morning as investors waited on a profit warning due later tonight. On the New York Stock Exchange, shares closed up 1.17 per cent on Friday, while the company's stock traded up 1.88 per cent on the Frankfurt exchange. The company is expected to cut its earnings estimates for 2002, although analysts say they do not expect a warning on fourth quarter results due out later this month. The conference call is scheduled for 17:00 (EST).

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