CNA: Oops, Losses Were Actually Higher
NU Online News Service, March 19, 4:00 p.m. EST?CNA Financial Corporation announced that, after talks with securities regulators, it has revised its previously reported fourth quarter 2002 results to show an additional $32 million of losses on equity securities.
The revised net income for the fourth quarter, Chicago-based CNA said, is $50 million, or 21 cents per share, compared with the previously reported number of $82 million, or 36 cents on a per-share basis.
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