Global Crossing Delays Earnings, Breaks CSC Deal
NETWORKS AND INFRASTRUCTURE
MADISON, N.J.--Global Crossing has delayed its fourth quarter and year-end earnings call for 2001 in light of a Chapter 11 bankruptcy filing and an investigation by the SEC and the FBI.
Global Crossing estimated fourth-quarter revenue from operations would be about $804 million, with full-year revenue expected to be about $3.2 billion. In its previous earnings announcement in November, Global Crossing’s guidance was that it would record $1.6 billion in combined revenue for the fourth quarter
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