Markets & Finance

Higher Forecast for Biogen


Company: Altera (ALTR)

Year ending: Dec-03

Prior estimate: 0.42

New estimate: 0.33

Rationale: Weak chip demand, flat guidance

Company: Anchor Banc Wisc (ABCW)

Year ending: Mar-03

Prior estimate: 1.66

New estimate: 1.85

Rationale: Second-quarter results

Company: AVX (AVX)

Year ending: Mar-03

Prior estimate: 0.10

New estimate: 0.03

Rationale: Weak passive component demand

Company: Biogen (BGEN)

Year ending: Dec-03

Prior estimate: 1.58

New estimate: 1.75

Rationale: Higher royalty payments

Company: Boston Communications (BCGI)

Year ending: Dec-03

Prior estimate: 0.36

New estimate: 0.56

Rationale: Ups minutes of use; now excludes legal charges

Company: Centex (CTX)

Year ending: Mar-03

Prior estimate: 6.80

New estimate: 7.60

Rationale: Higher order levels, large backlog

Company: CheckFree (CKFR)

Year ending: Jun-03

Prior estimate: 0.55

New estimate: 0.62

Rationale: Transaction volumes; cost controls

Company: Citrix Systems (CTXS)

Year ending: Dec-03

Prior estimate: 0.40

New estimate: 0.46

Rationale: Company guidance

Company: Convergys (CVG)

Year ending: Dec-03

Prior estimate: 1.66

New estimate: 1.45

Rationale: Continued weak end-markets

Company: Cymer (CYMI)

Year ending: Dec-03

Prior estimate: 0.65

New estimate: 0.38

Rationale: Sharply falling order rates

Company: DuPont Photomasks (DPMI)

Year ending: Jun-03

Prior estimate: -0.64

New estimate: -0.85

Rationale: Company guidance

Company: International Paper (IP)

Year ending: Dec-03

Prior estimate: 2.40

New estimate: 2.15

Rationale: Building products remain weak

Company: KEMET (KEM)

Year ending: Mar-03

Prior estimate: 0.22

New estimate: 0.05

Rationale: Flat results, sees slow performance

Company: Kennametal (KMT)

Year ending: Jun-03

Prior estimate: 2.20

New estimate: 2.00

Rationale: End-market weaknesses in the first half of calendar year 2003

Company: KLA-Tencor (KLAC)

Year ending: Jun-03

Prior estimate: 1.31

New estimate: 0.79

Rationale: Sharp order decline; premium valuation

Company: Louisiana-Pacific (LPX)

Year ending: Dec-03

Prior estimate: 0.30

New estimate: 0.35

Rationale: Possible slowdown in housing starts

Company: MGIC Investment (MTG)

Year ending: Dec-03

Prior estimate: 6.74

New estimate: 6.01

Rationale: Less buoyant housing market

Company: Nabors Industries (NBR)

Year ending: Dec-03

Prior estimate: 1.52

New estimate: 1.20

Rationale: Company conference call

Company: Newport (NEWP)

Year ending: Dec-03

Prior estimate: 0.35

New estimate: -0.06

Rationale: Company guidance, absence of tax benefits

Company: Photon Dynamics (PHTN)

Year ending: Sep-03

Prior estimate: 0.54

New estimate: 0.64

Rationale: Company guidance, improving order rates

Company: RealNetworks (RNWK)

Year ending: Dec-03

Prior estimate: 0.05

New estimate: 0.01

Rationale: Weak third-quarter results; guidance

Company: Stewart & Stevenson (SVC)

Year ending: Jan-03

Prior estimate: 0.70

New estimate: 0.64

Rationale: More conservative margin, tax assumption

Company: Tupperware (TUP)

Year ending: Dec-03

Prior estimate: 1.75

New estimate: 1.56

Rationale: Profile, EPS outlook weak; no catalysts

Company: Veeco Instruments (VECO)

Year ending: Dec-03

Prior estimate: 0.64

New estimate: 0.48

Rationale: Weak spending environment

Company: Weyerhaeuser (WY)

Year ending: Dec-03

Prior estimate: 2.70

New estimate: 2.40

Rationale: Wood product markets oversupplied

Company: Xerox (XRX)

Year ending: Dec-03

Prior estimate: 0.48

New estimate: 0.58

Rationale: Improved business mix, cost cutting

Oct. 22

Company: AmeriCredit (ACF)

Year ending: Jun-03

Prior estimate: 0.76

New estimate: 0.86

Rationale: Likely better sales performance

Company: Andrew (ANDW)

Year ending: Sep-03

Prior estimate: 0.35

New estimate: 0.22

Rationale: Stronger than expected sales growth

Company: Checkpoint Systems (CKP)

Year ending: Dec-03

Prior estimate: 0.94

New estimate: 0.76

Rationale: Company guidance

Company: Lance (LNCE)

Year ending: Dec-03

Prior estimate: 0.90

New estimate: 0.78

Rationale: Continued operating challenges, cost pressures

Company: MeadWestvaco (MWV)

Year ending: Dec-03

Prior estimate: 1.60

New estimate: 1.10

Rationale: Not seeing major improvement in papers

Company: Patterson-UTI (PTEN)

Year ending: Dec-03

Prior estimate: 1.10

New estimate: 0.98

Rationale: Third-quarter earnings

Company: Pulte Homes (PHM)

Year ending: Dec-03

Prior estimate: 6.95

New estimate: 7.65

Rationale: Stronger than expected business trends

Company: R.J. Reynolds (RJR)

Year ending: Dec-03

Prior estimate: 8.00

New estimate: 6.60

Rationale: Continued competitive pressures

Company: Technitrol (TNL)

Year ending: Dec-03

Prior estimate: 0.65

New estimate: 0.55

Rationale: Recovery of company's markets taking longer

Company: Texas Instruments (TXN)

Year ending: Dec-03

Prior estimate: 0.75

New estimate: 0.40

Rationale: Company guides revenue down, slowing orders

Company: THQ (THQI)

Year ending: Dec-03

Prior estimate: 1.52

New estimate: 1.32

Rationale: Lack of hits on more popular consoles

Company: Tootsie Roll (TR)

Year ending: Dec-03

Prior estimate: 1.54

New estimate: 1.39

Rationale: Market share loss

Oct. 21

Company: El Paso Energy (EPN)

Year ending: Dec-03

Prior estimate: 1.33

New estimate: 1.06

Rationale: Updated guidance

Company: Hasbro (HAS)

Year ending: Dec-03

Prior estimate: 1.00

New estimate: 0.82

Rationale: Sees unfavorable top-line growth trend

Company: Integrated Device Tech (IDTI)

Year ending: Mar-03

Prior estimate: 0.08

New estimate: -0.80

Rationale: Sees second-quarter communications chip recovery pushout

Company: Metris Cos (MXT)

Year ending: Dec-03

Prior estimate: -0.73

New estimate: -0.03

Rationale: Improved sales, operating expenses, controls

Company: NiSource (NI)

Year ending: Dec-03

Prior estimate: 2.05

New estimate: 1.75

Rationale: Elecricity rate cut, higher pension costs

Company: Schulman (SHLM)

Year ending: Aug-03

Prior estimate: 1.10

New estimate: 1.25

Rationale: Company guidance


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