Markets & Finance

Lower Estimate for Charles Schwab


Company: Ashland Inc. (ASH)

Year ending: Sep-02

Prior estimate: 4.47

New estimate: 3.00

Rationale: Weak refining margins, economic environment

Company: Carpenter Technology(CRS) ()

Year ending: Jun-02

Prior estimate: 0.25

New estimate: d0.30

Rationale: Continued weakness in aerospace

Company: Charles Schwab (SCH)

Year ending: Dec-02

Prior estimate: 0.43

New estimate: 0.31

Rationale: Slow recovery in online trading

Company: Lear Corp. (LEA)

Year ending: Dec-02

Prior estimate: 2.36

New estimate: 4.22

Rationale: Better than expected first quarter

Company: MeadWestvaco (MWV)

Year ending: Dec-02

Prior estimate: 0.60

New estimate: 0.38

Rationale: Lower prices, volumes for coated papers

Company: Merrill Lynch (MER)

Year ending: Dec-02

Prior estimate: 3.25

New estimate: 2.86

Rationale: Slower rebound in investment banking & sales

Company: Reuters Group (RTRSY)

Year ending: Dec-02

Prior estimate: 2.61

New estimate: 1.50

Rationale: Decline in subscription revenues

Company: Teekay Shipping (TK)

Year ending: Dec-02

Prior estimate: 4.07

New estimate: 3.35

Rationale: Lower time charter rates

Company: Timken (TKR)

Year ending: Dec-02

Prior estimate: 0.30

New estimate: 0.60

Rationale: Better than expected first quarter

Company: WorldCom Group (WCOM)

Year ending: Dec-02

Prior estimate: 0.68

New estimate: 0.42

Rationale: Weakness in voice & data segments

APR. 19

Company: Aquila Inc. (ILA)

Year ending: Dec-02

Prior estimate: 2.80

New estimate: 2.25

Rationale: Company preannounces weak first quarter

Company: ArthroCare (ARTC)

Year ending: Dec-02

Prior estimate: 0.47

New estimate: 0.40

Rationale: Gross margin erosion

Company: Diamond Offshore (DO)

Year ending: Dec-02

Prior estimate: 1.23

New estimate: 0.74

Rationale: Cautious customer spending

Company: Emulex Corp. (EMLX)

Year ending: Jun-02

Prior estimate: 0.45

New estimate: 0.55

Rationale: Stronger demand for high-end products

Company: Insituform (INSUA)

Year ending: Dec-02

Prior estimate: 1.50

New estimate: 1.30

Rationale: Soft TiteLiner business

Company: McData Corp. (MCDT)

Year ending: Dec-02

Prior estimate: 0.05

New estimate: d0.10

Rationale: Reflects demand weakness

Company: Qwest Communications (Q)

Year ending: Dec-02

Prior estimate: 0.04

New estimate: d0.09

Rationale: Weak data revenues, delayed long-distance approval

Company: Sanmina-SCI (SANM)

Year ending: Sep-02

Prior estimate: 0.17

New estimate: 0.12

Rationale: Slower turnaround in telecom sector

Company: Symbol Technologies (SBL)

Year ending: Dec-02

Prior estimate: 0.30

New estimate: 0.25

Rationale: Slower IT spending turnaround

Company: Tribune Co. (TRB)

Year ending: Dec-02

Prior estimate: 1.22

New estimate: 1.57

Rationale: Reduced restructuring charges

Company: Xilinx Inc. (XLNX)

Year ending: Mar-03

Prior estimate: 0.52

New estimate: 0.63

Rationale: Stronger than expected March quarter


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