(NewsTraders) -- Bell Atlantic Corp. (BEL) says it is comfortable with current analyst estimates of $2.70 to 2.72 per share for 1998, excluding transition and integration costs and other special items.
The company, which stated this in an analyst conference call on October 28 and then recounts the statement in a Form 8-K filed with the SEC today, also said it:
is targeting consolidated revenue growth of 4 percent in 1998 and 5 percent to 6 percent in1999 is targeting 1999 earnings growth from current business operations within the 10 percent to 12 percent range, excluding transition and integration costs. estimates implementation of the American Institute of Certified Public Accountants' Statement of Position No. 98-1 (SOP 98-1) will result in a net after-tax benefit of $200-$250 million in 1999. Bell Atlantic added that it intends to offset some or all of that benefit in 1999 with incremental investments in long distance and data market entry initiatives. estimates that, including long distance and data market entry costs and the effects of SOP 98-1, but excluding transition and integration costs, 1999 earnings growth will remain within the 10%-12% range.