Please tell me that I got the wrong or bad information. I was in a hurry and hope that I just picked up some wrong figures. I'm serious and not just messing with you.
What I found was : Estimate of $2.78 a share for 2003 this was off the Yahoo Board
02Annual Operating results of Basic $2.78 a share Diluted $2.75 a share
02 Net Income Basic $2.75 a share Diluted $2.72 a share
I'm serious and hope that this is indeed bad information. Appreciate your posting me back. If this information is anywhere close to correct it explains a lot about the price movement. (There no slam intended as I know we have different goals and different investment styles fit us.)
Just pulled the earning estimates off a news release on line about regional banks and estimated earnings. It shows 2 of the 5 banks listed as lower estimated earnings for the quarter than last year. One of the lower earnings was BBT. It is one of the news listing under BBT on AOL.
Thought it was a pick of information that was revelant to the stock. Just looks like a bad quarter to me.
Jim, (and others); double dare you to tune into the earnings conference call Tuesday morning at 10:30 1/13/04 to find out where earnings came from and what is projected and listen to analysts questions and mgt. answers. This should get you there - http://www.bbandt.com/investor/presentations.asp
If this doesn't work go to bbandt.com, then investor relations, then presentations and webcasts and sign in.