Credit Suisse First Boston Corp. said an “earnings head wind” from the firms’ pension plans will reduce their 2004 earnings by more than $0.10 a share, Dow Jones reported. CSFB identified some of the affected companies as:
- International Business Machines Corp.
- Goodyear Tire & Rubber Co.
- Unisys Corp.
- Whirlpool Corp.
“If the earnings head wind is larger than expected, it can have a negative effect on the stock price, as was the case recently for Unisys,” CSFB analyst David Zion wrote in the report.