(Reuters) - Calling it "a gut feeling," Mozilo said, "It's going to take the balance of this year to get this thing to look like it's slowing down 2009 to head into the other direction."
Earlier, Countrywide said second-quarter profit fell 33 percent to $485.1 million, or 81 cents per share, from $722.2 million, or $1.15, a year earlier. It also cut its 2007 earnings forecast to $2.70 to $3.30 per share. It had forecast $3.50 to $4.30 in April, and $3.80 to $4.80 in January.
Read more at Reuters.com Business News
Earlier, Countrywide said second-quarter profit fell 33 percent to $485.1 million, or 81 cents per share, from $722.2 million, or $1.15, a year earlier. It also cut its 2007 earnings forecast to $2.70 to $3.30 per share. It had forecast $3.50 to $4.30 in April, and $3.80 to $4.80 in January.
Read more at Reuters.com Business News
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