Markets & Finance

Higher Forecast for News Corp


Company: Barrick Gold (ABX)

Year ending: Dec-03

Prior estimate: 0.50

New estimate: 0.42

Rationale: Company guidance for rising costs

Company: Brocade Communications (BRCD)

Year ending: Oct-03

Prior estimate: 0.11

New estimate: 0.03

Rationale: Company guidance, expected charges

Company: Newfield Exploration (NFX)

Year ending: Dec-03

Prior estimate: 2.11

New estimate: 3.37

Rationale: Higher oil, gas prices

Company: News Corp (NWS)

Year ending: Jun-03

Prior estimate: 0.61

New estimate: 0.78

Rationale: See continued strength at 80.6% owned FOX unit

Company: TMP Worldwide (TMPW)

Year ending: Dec-03

Prior estimate: 0.75

New estimate: 0.50

Rationale: Planned spinoff of 2 operating units

Feb. 12

Company: Coinstar Inc (CSTR)

Year ending: Dec-03

Prior estimate: 1.15

New estimate: 0.94

Rationale: Less revenues; higher taxes, depreciation

Company: EarthLink Inc (ELNK)

Year ending: Dec-03

Prior estimate: 0.17

New estimate: 0.11

Rationale: Company guidance

Company: Frontier Oil (FTO)

Year ending: Dec-03

Prior estimate: 2.08

New estimate: 1.80

Rationale: New refining margin forecasts

Company: FTI Consulting (FCN)

Year ending: Dec-03

Prior estimate: 2.00

New estimate: 2.35

Rationale: Acquisition of Business Recovery unit

Company: Intuitive Surgical (ISRG)

Year ending: Dec-03

Prior estimate: -0.12

New estimate: -0.15

Rationale: Patent suit ruling against ISRG

Company: Kon. Philips (PHG)

Year ending: Dec-03

Prior estimate: 0.85

New estimate: 0.45

Rationale: Reduced 2003 expectations for semi business

Company: Puget Energy (PSD)

Year ending: Dec-03

Prior estimate: 1.80

New estimate: 1.60

Rationale: Drought conditions in Washington

Company: Spinnaker Exploration (SKE)

Year ending: Dec-03

Prior estimate: 0.84

New estimate: 1.26

Rationale: Higher oil and gas prices

Company: Swift Energy (SFY)

Year ending: Dec-03

Prior estimate: 0.24

New estimate: 0.59

Rationale: Higher oil and gas prices

Feb. 11

Company: Amkor Technololgy (AMKR)

Year ending: Dec-03

Prior estimate: -0.39

New estimate: -0.53

Rationale: Low capacity utilization, company guidance

Company: DuPont Photomasks (DPMI)

Year ending: Jun-03

Prior estimate: -1.02

New estimate: -1.87

Rationale: Company guidance, slow chip design activity

Company: Insituform Technologies (INSU)

Year ending: Dec-03

Prior estimate: 1.15

New estimate: 1.27

Rationale: Improving tunnelling earnings

Company: Interstate Bakeries (IBC)

Year ending: May-03

Prior estimate: 1.30

New estimate: 0.90

Rationale: Weak branded product sales, higher costs

Company: KLA-Tencor (KLAC)

Year ending: Jun-03

Prior estimate: 0.79

New estimate: 0.69

Rationale: Company guidance, cautious chipmaker capex

Company: Scholastic (SCHL)

Year ending: May-03

Prior estimate: 2.50

New estimate: 2.00

Rationale: Sharply lower earnings guidance

Company: Texas Industries (TXI)

Year ending: May-03

Prior estimate: 0.30

New estimate: 0.10

Rationale: Weakness in aggregates, steel prices

Company: Tommy Hilfiger (TOM)

Year ending: Mar-04

Prior estimate: 1.25

New estimate: 1.00

Rationale: Company guidance

Company: Weyerhaeuser (WY)

Year ending: Dec-03

Prior estimate: 2.40

New estimate: 1.75

Rationale: Weaker outlook

Feb. 10

Company: Brooks-PRI (BRKS)

Year ending: Sep-03

Prior estimate: -0.85

New estimate: -1.19

Rationale: Expect cautious spending by chipmakers

Company: Corning Inc (GLW)

Year ending: Dec-03

Prior estimate: -0.10

New estimate: -0.02

Rationale: Cutting costs faster than expected

Company: Cummins Inc (CUM)

Year ending: Dec-03

Prior estimate: 2.13

New estimate: 1.60

Rationale: Changed margins, long term growth assumptions

Company: Dillard's (DDS)

Year ending: Jan-04

Prior estimate: 2.30

New estimate: 2.10

Rationale: Retail environment; to close 4 stores

Company: Lam Research (LRCX)

Year ending: Jun-03

Prior estimate: 0

New estimate: 0.06

Rationale: Fixed cost reductions

Company: Micrel Inc (MCRL)

Year ending: Dec-03

Prior estimate: 0.10

New estimate: 0.05

Rationale: Low earnings visibility

Company: Reliance (RS)

Year ending: Dec-03

Prior estimate: 1.55

New estimate: 1.35

Rationale: Lingering weakness in key end markets

Company: Shurgard Storage (SHU)

Year ending: Dec-03

Prior estimate: 1.65

New estimate: 1.32

Rationale: Near term dilution from consolidation of units

Company: Stanley Works (SWK)

Year ending: Dec-03

Prior estimate: 2.87

New estimate: 2.51

Rationale: Weak industrial products demand


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