Bear Stearns reported swung to a quarterly loss of $854 million from net income of $563 million a year ago on revenue to a loss of $379 million from $2.4 billion a year ago. For the fiscal year the company earnings declined to $1.52 per share from $14.27 per share a year ago. Net income in the period declined to $233 million from $2.1 billion. |
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