Markets & Finance

Lowering Estimate for Cooper Industries

Posted on February 24, 2002

Company: Brooks Automation (BRKS

)

Year ending: Sep-02

Prior estimate: d0.52

New estimate: d0.96

Rationale: Company guidance

Company: Cooper Industries (CBE

)

Year ending: Dec-02

Prior estimate: 3.64

New estimate: 3.05

Rationale: Margins suffer from economic weakness

Company: Health Net (HNT

)

Year ending: Dec-02

Prior estimate: 1.85

New estimate: 2.08

Rationale: Nonamortization of goodwill

Company: Laboratory Corp. of America (LH

)

Year ending: Dec-02

Prior estimate: 3.47

New estimate: 3.90

Rationale: Positive industry trends

Company: LaQuinta (LQI

)

Year ending: Dec-02

Prior estimate: d0.57

New estimate: d3.15

Rationale: Higher restructuring charges FEB. 22

Company: Aetna (AET

)

Year ending: Dec-02

Prior estimate: 0.05

New estimate: 1.41

Rationale: Nonamortization of goodwill

Company: Andrx Group (ADRX

)

Year ending: Dec-02

Prior estimate: 2.70

New estimate: 1.50

Rationale: Fourth quarter below expectations

Company: Barrick Gold (ABX

)

Year ending: Dec-02

Prior estimate: 0.75

New estimate: 0.40

Rationale: Lower 2002 output, higher costs

Company: Bausch & Lomb (BOL

)

Year ending: Dec-02

Prior estimate: 1.30

New estimate: 1.63

Rationale: Exclusion of goodwill amortization

Company: BEA Systems (BEAS

)

Year ending: Jan-03

Prior estimate: 0.38

New estimate: 0.34

Rationale: Challenging economic environment

Company: Chesapeake Energy (CHK

)

Year ending: Dec-02

Prior estimate: 0.77

New estimate: 0.51

Rationale: Updated prices, company guidance

Company: Circuit City (CC

)

Year ending: Feb-03

Prior estimate: 1.18

New estimate: 0.60

Rationale: Planned CarMax spinoff

Company: Hispanic Broadcasting (HSP

)

Year ending: Dec-02

Prior estimate: 0.34

New estimate: 0.38

Rationale: Improved outlook

Company: Medarex (MEDX

)

Year ending: Dec-02

Prior estimate: d0.26

New estimate: d0.35

Rationale: Higher R&D

Company: VISX Inc. (EYE

)

Year ending: Dec-02

Prior estimate: 0.60

New estimate: 0.45

Rationale: Slow eye correction volume

Company: Xilinx (XLNX

)

Year ending: Mar-03

Prior estimate: 0.47

New estimate: 0.52

Rationale: Positive company update

Business Exchange: What your peers are reading.

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Links

Buy a link now!

blog comments powered by Disqus