Freddie Mac says it is still working toward releasing its quarterly and annual financial results for 2003 by the end of June."That is our goal," Freddie spokeswoman Sharon McHale said. The giant mortgage company, which is trying to recover from a $5 billion accounting scandal, released a restatement of its 2002 earnings last November. The restatement showed that Freddie's profits totaled $10.1 billion in 2002. The company originally reported a $5.7 profit when it was trying to manage and smooth out its earnings to please Wall Street. Freddie Mac officials have not provided guidance on when the 2004 first-quarter results will be ready for release. The government-sponsored enterprise can be found on the Web at http://www.freddiemac.com.
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