Guidance (review)
Mr. Davies reaffirmed that the Company’s primary financial objective remains to achieve average annual earnings growth of 12.5% to 15% in earnings per share for the period 2003 to 2005, based off the $1.60 per share in 2002.
Mr. Davies concluded, “We have considerable momentum going into 2004, and even with the significant investment requirements we foresee for the year, we feel comfortable with our current objective of $2.07 to $2.10 earnings per share for the full year 2004.”