News That Broke Before the Bell
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Monday December 17, 2001

GLOBAL INDUSTRIES LTD (GLBL, 7.30)- The provider of intermediate water offshore construction services warned that its 2001 revenues will fall short of expectations.  The company now sees revenues of $400-$410 million compared to analysts' estimates of $438 million.  The company sees full year 2002 earnings of $0.30-$0.40 per share, above analysts' estimates of 26 cents.

PETRO-CANADA (PCZ, 23.60)- The oil company said its exposure to the Enron debacle will reduce its fourth quarter earnings by six cents.

R.G. BARRY CORP (RGB, 4.75)- The footwear maker received a favorable mention in this weekend's Barron's.  An analyst sees the stock rising to the "double digits".

STEARNS & LEHMAN INC (SLHN, 3.70)- The maker of specialty beverage products said its second quarter earnings slipped a penny to 14 cents per share.  Revenues in the quarter rose 24.4% to $6.55 million.

VALUE LINE INC (VALU, 40.25)- The investment publisher and investment management company said its second quarter earnings fell 15.3% to 55 cents per share.  Revenues in the quarter dropped 15.2% to $21.78 million.


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