Markets & Finance

Cutting Forecast for Alcoa


Company: AirTran Holdings (AAI)

Year ending: Dec-01

Prior estimate: 1.05

New estimate: 0.01

Rationale: Difficult industry conditions

Company: Alcoa Inc (AA)

Year ending: Dec-01

Prior estimate: 1.80

New estimate: 1.55

Rationale: Weak durable goods

Company: America West (AWA)

Year ending: Dec-01

Prior estimate: d1.60

New estimate: d3.64

Rationale: Worsening industry conditions

Company: Arrow Electronics (ARW)

Year ending: Dec-01

Prior estimate: 0.90

New estimate: 0.65

Rationale: Slower economic environment

Company: Avnet Inc (AVT)

Year ending: Jun-02

Prior estimate: 0.60

New estimate: 0.25

Rationale: Slower economic environment

Company: Continental (CAL)

Year ending: Dec-01

Prior estimate: 1.84

New estimate: d3.60

Rationale: Worsening industry conditions

Company: COR Therapuetics (CORR)

Year ending: Dec-01

Prior estimate: 0.34

New estimate: 0.25

Rationale: Lower production sales

Company: International Rectifier (IRF)

Year ending: Jun-02

Prior estimate: 1.50

New estimate: 1.00

Rationale: Slower economic growth

Company: Marriott International (MAR)

Year ending: Dec-01

Prior estimate: 1.90

New estimate: 1.61

Rationale: Difficult industry conditions

Company: Northwest Airlines (NWAC)

Year ending: Dec-01

Prior estimate: d1.50

New estimate: d4.70

Rationale: Weaker travel demand

Company: Quixote (QUIX)

Year ending: Jun-02

Prior estimate: 1.55

New estimate: 1.30

Rationale: Continued economic weakness

Company: Southwest Airlines (LUV)

Year ending: Dec-01

Prior estimate: 0.81

New estimate: 0.50

Rationale: Worsening industry conditions


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