Service Experts shares nose-dived 29 percent Feb. 23 after it announced that warm winter will affect its 1999 earnings.
Service Experts (NYSE: SVE) shares nose-dived 29 percent Feb. 23 after it announced that warm winter will affect its 1999 earnings.
The industry consolidator expects its earnings to be around $1.65 to $1.70 per share in 1999, falling short of the $1.77 per share that Wall Street analysts had been predicting. The stock had been steadily declining since Jan. 4 when it was $29.50 per share, but was nowhere near its high of $38 per share from July 1998.