Markets & Finance

Lower Forecast for Halliburton


Company: Halliburton (HAL)

Year ending: Dec-02

Prior estimate: 1.12

New estimate: 0.72

Rationale: Updated market outlook

Company: Ionics Inc. (ION)

Year ending: Dec-02

Prior estimate: 0.85

New estimate: 0.70

Rationale: Weak revenues

Company: McData Corp. (MCDT)

Year ending: Dec-02

Prior estimate: d0.10

New estimate: d0.17

Rationale: Slower turnaround in demand

Company: Occidental Petroleum (OXY)

Year ending: Dec-02

Prior estimate: 1.37

New estimate: 1.94

Rationale: Updated market outlook

MAY 3

Company: American Power Conversion (APCC)

Year ending: Dec-02

Prior estimate: 0.80

New estimate: 0.69

Rationale: Continued weak demand for product

Company: Cal Dive (CDIS)

Year ending: Dec-02

Prior estimate: 0.87

New estimate: 0.70

Rationale: Updated market outlook

Company: ICOS Corp. (ICOS)

Year ending: Dec-02

Prior estimate: d2.75

New estimate: d2.20

Rationale: Lower costs

Company: Lyondell Chemical (LYO)

Year ending: Dec-02

Prior estimate: Nil

New estimate: d0.50

Rationale: Larger than expected first quarter loss

Company: Pep Boys (PBY)

Year ending: Jan-03

Prior estimate: 0.72

New estimate: 0.86

Rationale: Improvng comparable store sales outlook

Company: Sapient (SAPE)

Year ending: Dec-02

Prior estimate: d0.38

New estimate: d0.50

Rationale: Weak first quarter

Company: Tesoro Petroleum (TSO)

Year ending: Dec-02

Prior estimate: 1.80

New estimate: Nil

Rationale: Higher interest income, weak margins

Company: U.S. Steel (X)

Year ending: Dec-02

Prior estimate: 0.30

New estimate: d1.10

Rationale: Continued weakness in tubular goods business


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