Markets & Finance

Lower Forecast for Watson Pharmaceuticals


Company: FMC Corp. (FMC)

Year ending: Dec-02

Prior estimate: 6.00

New estimate: 3.25

Rationale: Reflects recent spin-off

Company: Overseas Shipholding (OSG)

Year ending: Dec-02

Prior estimate: 2.28

New estimate: 0.79

Rationale: Weaker oil demand & prices

Company: Watson Pharmaceuticals (WPI)

Year ending: Dec-02

Prior estimate: 1.82

New estimate: 1.54

Rationale: Reflects GAAP accounting

JAN. 3

Company: Inco Ltd. (N)

Year ending: Dec-02

Prior estimate: 1.50

New estimate: 0.80

Rationale: Reflects lingering weak nickel prices

Company: Pacificare (PHSY)

Year ending: Dec-02

Prior estimate: 2.00

New estimate: 3.60

Rationale: Change in goodwill accounting


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