Investing
Some Earnings Reports Delayed by Hurricane Sandy
October 29, 2012 8:08 am
Last Updated: March 20, 2020 10:27 am
Some companies reportedly have decided to delay their earnings reports as Hurricane Sandy heads for the East Coast and the major U.S. markets are close today, and possibly Tuesday.Source: Wikimedia Commons
According to Marketwatch:
Burger King Worldwide Inc. (NYSE: BKW) already reported its third-quarter results this morning, offering up better-than-expected per-share earnings and a quarterly cash dividend.
Hurricane Sandy also has prompted the cancellation of thousands of flights into and out of the U.S. Northeast, and the New York City subway system began to close down Sunday evening at 7 p.m. Up to 284,000 homes are expected to be damaged, with an aggregate value of $88 billion. Overall, Hurricane Sandy may cost insurers more than $3 billion.
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