Markets & Finance

Qwest Forecast Slashed


Oct. 31

Company: Adobe Sys (ADBE)

Year ending: Nov-02

Prior estimate: 1.29

New estimate: 1.07

Rationale: Q3 Weakness

Company: Andrew Corp. (ANDW)

Year ending: Sep-02

Prior estimate: 0.89

New estimate: 0.68

Rationale: Reduced telecom spending

Company: BMC Software (BMC)

Year ending: Mar-02

Prior estimate: 0.67

New estimate: 0.34

Rationale: Global economic slowdown

Company: Cooper Cameron (CAM)

Year ending: Dec-02

Prior estimate: 3.15

New estimate: 1.84

Rationale: Slowed economies

Company: Delphi Auto (DPH)

Year ending: Dec-02

Prior estimate: 0.50

New estimate: 0.45

Rationale: Reduced auto production

Company: Franklin Resources (BEN)

Year ending: Sep-02

Prior estimate: 2.03

New estimate: 1.79

Rationale: Lower revenues, higher expenses

Company: Johnson Controles (JCI)

Year ending: Sep-02

Prior estimate: 5.74

New estimate: 5.09

Rationale: Auto production to decline in '02

Company: Lear Corp. (LEA)

Year ending: Dec-02

Prior estimate: 3.63

New estimate: 2.42

Rationale: Auto production to decline in '02

Company: Osmonics (OSM)

Year ending: Dec-02

Prior estimate: 0.65

New estimate: 0.55

Rationale: Weak markets

Company: Park Place (PPE)

Year ending: Dec-02

Prior estimate: 0.56

New estimate: 0.50

Rationale: Disappointing Q3

Company: Qwest Comm. (Q)

Year ending: Dec-02

Prior estimate: 1.12

New estimate: 0.34

Rationale: Company guidance

Company: SCI Systems (SCI)

Year ending: Jun-02

Prior estimate: 1.10

New estimate: 0.90

Rationale: Weak end market demand

Company: Osmonics (OSM)

Year ending: Dec-02

Prior estimate: 0.65

New estimate: 0.55

Rationale: Weak markets

Company: United Tech (UTX)

Year ending: Dec-02

Prior estimate: 4.70

New estimate: 3.80

Rationale: Weakening global economy

Company: Visteon (VC)

Year ending: Dec-02

Prior estimate: 1.77

New estimate: 0.72

Rationale: Reduced auto production

Oct. 30

Company: CVS Corp. (CVS)

Year ending: Dec-01

Prior estimate: 1.80

New estimate: 1.58

Rationale: Economic slowdown

Company: Ford Motor (F)

Year ending: Dec-02

Prior estimate: 0.40

New estimate: 0.22

Rationale: Increased competition, rising marketing costs

Company: IT Group (ITX)

Year ending: Dec-02

Prior estimate: 0.90

New estimate: 0.60

Rationale: Project delays, weak economy

Company: Northwest Air (NWAC)

Year ending: Dec-02

Prior estimate: d3.15

New estimate: d2.75

Rationale: Better passenger traffic, cost cutting

Company: Openwave Sys (OPWV)

Year ending: Jun-02

Prior estimate: 0.20

New estimate: d0.05

Rationale: Weaker outlook, higher expenses

Company: Rudolph Tech (RTEC)

Year ending: Dec-01

Prior estimate: 0.80

New estimate: 0.69

Rationale: Continued weak revenues

Company: SEACOR SMIT (CKH)

Year ending: Dec-02

Prior estimate: 3.45

New estimate: 2.07

Rationale: Slowed economies

Company: Solectron (SLR)

Year ending: Aug-02

Prior estimate: 0.68

New estimate: 0.60

Rationale: Hurt by weak end-market demand

Company: Transocean (RIG)

Year ending: Dec-01

Prior estimate: 1.21

New estimate: 0.95

Rationale: Weak economies

Company: Verity Inc (VRTY)

Year ending: May-02

Prior estimate: 0.84

New estimate: 0.35

Rationale: Decline in corporate spending

Company: DuPont (DD)

Year ending: Dec-02

Prior estimate: 2.00

New estimate: 1.60

Rationale: Weak economy and demand


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