Bloomberg.com
17 Jul 2008
July 17 (Bloomberg) -- Merrill Lynch & Co. probably will report its fourth straight quarterly loss later today because of credit-market writedowns, analysts estimate.
The third-biggest U.S. securities firm may post a second- quarter net loss of $1.91 a share, according to the average estimate of 18 analysts surveyed by Bloomberg. Forecasts range from a loss of 93 cents a share to a loss of $4.21. Merrill dropped efforts to sell a stake in BlackRock Inc. and struck a deal to sell its 20 percent share of Bloomberg LP, people with knowledge of the decision said yesterday.
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