Commercial Federal Corp. of Omaha disappointed analysts again Thursday when its fourth-quarter earnings failed to meet Wall Street expectations.

The company, which has been urged by investors to make management changes or put itself on the block, reported a loss of $47.7 million during the quarter, compared with net income of $28.8 million during the same period in 1999. It was the ninth consecutive quarter in which the $12.5 billion-asset company failed to meet expectations. Still, Commercial Federal shares have been steadily rising as the company worked on a turnaround.

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