(Reuters) - Analysts had on average expected earnings before special items of $1.87 a share, according to Reuters Estimates.
Lehman Brothers has missed out on the stock market rally that began in March, as investors have fretted about the company's exposure to home loans made to people with poor credit. Such subprime mortgages have suffered from rising defaults recently. Lehman says its exposure to subprime mortgages is small.
Read more at Reuters.com Business News
Lehman Brothers has missed out on the stock market rally that began in March, as investors have fretted about the company's exposure to home loans made to people with poor credit. Such subprime mortgages have suffered from rising defaults recently. Lehman says its exposure to subprime mortgages is small.
Read more at Reuters.com Business News
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