Freddie Sets '06 Earnings Release Date

Freddie Mac has announced that it will release its quarterly and full-year results for the year ended Dec. 31 before the market opening of the New York Stock Exchange on March 23.The government-sponsored enterprise said it will hold a conference call at 8:30 a.m. EDT on that date to discuss the results. Freddie Mac said in a conference call in early January that it expected to post a loss for the third and fourth quarters of 2006. The company estimated that net income would total $2.5 billion for the first nine months of 2006, up from $1.4 billion for the first nine months of 2005, but that it would report a loss of about $550 million for the third quarter. The GSE can be found online at http://www.freddiemac.com.