Markets & Finance

Lower Estimate for FleetBoston


Company: Anadarko Petroleum (APC)

Year ending: Dec-02

Prior estimate: 2.75

New estimate: 3.04

Rationale: Updated guidance

Company: CenturyTel (CTL)

Year ending: Dec-02

Prior estimate: 1.48

New estimate: 2.17

Rationale: New estimate includes $0.55 per share in discontinued operations

Company: Edison Intl. (EIX)

Year ending: Dec-02

Prior estimate: 1.60

New estimate: 1.85

Rationale: Third-quarter EPS well above expectations

Company: FleetBoston Financial (FBF)

Year ending: Dec-02

Prior estimate: 1.80

New estimate: 1.50

Rationale: Latin American credit woes

Company: Keithley Instruments (KEI)

Year ending: Sep-03

Prior estimate: 0.21

New estimate: 0.28

Rationale: Company guidance

Company: Midway Games (MWY)

Year ending: Jun-03

Prior estimate: -0.08

New estimate: -0.01

Rationale: Sports not selling as well as expected

Company: Olin Corp (OLN)

Year ending: Dec-02

Prior estimate: -0.20

New estimate: -0.45

Rationale: Company forecast, lagging chlor-alkali prices

Company: Pittston (PZB)

Year ending: Dec-02

Prior estimate: 1.62

New estimate: 1.42

Rationale: Company guidance, reduced margins

Company: Providian Financial (PVN)

Year ending: Dec-02

Prior estimate: 0.74

New estimate: 0.50

Rationale: Cut to reflect continuing operations

Company: Valero Energy (VLO)

Year ending: Dec-02

Prior estimate: 0.87

New estimate: 0.77

Rationale: Adjustment of previous estimate

Company: Vintage Petroleum (VPI)

Year ending: Dec-02

Prior estimate: 0.31

New estimate: 0.56

Rationale: Better than expected third-quarter results

OCT. 31

Company: Aon (AOC)

Year ending: Dec-02

Prior estimate: 1.65

New estimate: 1.45

Rationale: Margins under pressure

Company: ArthroCare (ARTC)

Year ending: Dec-02

Prior estimate: 0.30

New estimate: 0.18

Rationale: Gross margin squeeze, inventory chg.

Company: Electro Scientific (ESIO)

Year ending: May-03

Prior estimate: 0.01

New estimate: 0.16

Rationale: New estimate excludes restructure costs

Company: FelCor Lodging (FCH)

Year ending: Dec-02

Prior estimate: -0.30

New estimate: -0.90

Rationale: Discounted occupancy rates

Company: Gilead Sciences (GILD)

Year ending: Dec-02

Prior estimate: 0.24

New estimate: 0.32

Rationale: Strong revenue gains in 2003, 2004

Company: IMCO Recycling (IMR)

Year ending: Dec-02

Prior estimate: 0.55

New estimate: 0.45

Rationale: Weak processing volume

Company: Newfield Exploration (NFX)

Year ending: Dec-02

Prior estimate: 1.38

New estimate: 1.96

Rationale: Updated production, acquisitions

Company: NEXTEL Communications (NXTL)

Year ending: Dec-02

Prior estimate: -0.39

New estimate: -0.19

Rationale: Solid third quarter, stable customer base, new services

Company: Northrop Grumman (NOC)

Year ending: Dec-02

Prior estimate: 7.20

New estimate: 5.70

Rationale: Low margin sales, asset writedowns

Company: Phelps Dodge (PD)

Year ending: Dec-02

Prior estimate: -0.90

New estimate: -1.60

Rationale: Weakness in non-copper units

Company: PolyOne (POL)

Year ending: Dec-02

Prior estimate: 0.30

New estimate: 0.22

Rationale: Company sees "slightly profitable" fourth quarter

Company: Spinnaker Exploration (SKE)

Year ending: Dec-02

Prior estimate: 0.77

New estimate: 0.91

Rationale: Updated price forecasts

Company: Stilwell Financial (SV)

Year ending: Dec-02

Prior estimate: 1.11

New estimate: 0.97

Rationale: Drop in AUM like to hurt sales, EPS

Company: SureWest Communications (SURW)

Year ending: Dec-03

Prior estimate: 0.53

New estimate: 0.73

Rationale: Non-recurring revenue adjustment

Company: Tommy Hilfiger (TOM)

Year ending: Mar-03

Prior estimate: 1.68

New estimate: 1.21

Rationale: Company sees bleak holiday selling season


China's Killer Profits
LIMITED-TIME OFFER SUBSCRIBE NOW

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus