Countrywide’s Quarterly Loss
Countrywide came out with a loss in the fourth quarter due to rising loss provisions and impairment charges. Countrywide lost $422 million, or 79 cents per share, during the fourth quarter, compared with earnings of $622 million, or $1.01 per share, during the same period the previous year. Analysts forecasted a loss of 30 cents per share for the quarter.
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