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Article: Cobalt Corporation Provides Earnings Guidance for 2002.
- Article from:
- Business Wire
- Article date:
- December 14, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors/Health & Medical Writers
MILWAUKEE--(BUSINESS WIRE)--Dec. 14, 2001
Cobalt Corporation (NYSE: CBZ) announced that it is forecasting 2002 earnings per share of $0.50. This is prior to the equity earnings relating to its 45.2 percent ownership in American Medical Security Group, Inc. (NYSE:AMZ). AMZ's previously announced guidance of 2002 earnings of $1.00 per share translates into additional earnings of $0.16 per share for Cobalt Corporation.
Thomas R. Hefty, chairman, president and CEO of Cobalt Corporation stated, "The earnings guidance for 2002 reflects progress in the Cobalt turnaround. Actions have been taken to stem the ...