Markets & Finance

Earnings Estimates lowered for Airborne Inc.

Company: Airborne Inc (ABF)

Year ending: Dec-01

Prior estimate: 0.65

New estimate: 0.55

Rationale: Weaker demand, higher fuel costs

Company: Applied Materials (AMAT)

Year ending: Oct-01

Prior estimate: 3.05

New estimate: 2.50

Rationale: Reflects sector slowdown

Company: Clear Channel Communications (CCU)

Year ending: Dec-01

Prior estimate: d0.36

New estimate: d0.62

Rationale: Weak advertising market

Company: Dillard's Inc. (DDS)

Year ending: Jan-02

Prior estimate: 2.25

New estimate: 1.45

Rationale: Weaker sales, higher markdowns and promotions

Company: Fleetwood Enterprises (FLE)

Year ending: Apr-01

Prior estimate: d0.60

New estimate: d0.80

Rationale: Sharp drops in RV's & manufactured homes

Company: IMCO Recycling (IMR)

Year ending: Dec-01

Prior estimate: 0.60

New estimate: 0.50

Rationale: Excess aluminum capacity, weak demand

Company: Millennium Chemicals (MCH)

Year ending: Dec-01

Prior estimate: 1.20

New estimate: 1.00

Rationale: Lower pigment prices and profits

Company: Nucor Corp. (NUE)

Year ending: Dec-01

Prior estimate: 3.95

New estimate: 3.20

Rationale: Weaker than expected Q1

Company: Winn-Dixie (WIN)

Year ending: Jun-01

Prior estimate: 0.70

New estimate: 1.00

Rationale: Better than expected Q2

Company: Xerox Corp. (XRX)

Year ending: Dec-01

Prior estimate: 0.75

New estimate: 0.20

Rationale: Weak start to the year

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