Future shares fell 14% yesterday amid expectations that the results are set to be dire, despite a series of cost-cutting measures that have included the closure of 20 magazines and 350 job cuts worldwide.
The reshuffle saw the sale of Future's flagship US new economy magazine Business 2.0 to Time Inc, a division of AOL Time Warner, and the closure of its UK and European versions.
The publisher of the official magazines for Microsoft's Xbox, the Sony PlayStation and Manchester United saw its share price fall yesterday to just 24.5p as apprehension about the results grew.
The publisher's troubles began at the end of last year when accounting irregularities at its French arm were discovered. As a result the company's earnings were £3.25m lower and it was faced with a large auditor's bill.
The company's troubles were made worse by falling advertising revenues and the delayed launch of the PlayStation2 console. At the time the company's shares fell 44% to 272.5p, but has since fallen to a tenth of that price as investors increasingly lose confidence in the publisher.
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