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Bear Stearns Posts First Loss

Subprime writedowns hobble 'bond shop,' loss almost four times what analysts expected

By Kevin Spak, Newser Staff

Posted Dec 20, 2007 9:19 AM CST

(Newser) – Analysts expected Bear Stearns to post its first-ever loss today, they just expected it to be smaller. After $1.9 billion in subprime writedowns, the company posted a $6.91 loss per share, dwarfing the $1.82 analysts predicted. Executives gave up their bonuses, as... Read full story »

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Bear Stearns Posts First Loss

Subprime writedowns hobble 'bond shop,' loss almost four times what analysts expected

subprime mortgages • Bear Stearns • earnings reports • quarterly reports • writedowns

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More Newser Stories

Morgan Stanley Stuns With $9.4B in Writedowns

CEO gives up bonus in face of terrible performance

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Bear Stearns, Goldman earnings reflect subprime bloodbath

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Tech Snaps Nadaq's Streak; Dow Climbs 24

Amazon, Microsoft fall after weak earnings

Apple Earnings Up 15% on iPhone, Mac Success

Firm sold 5.2 million iPhones last quarter

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