Markets & Finance

Lower Forecast for Goodyear Tire


Company: Alaska Air (ALK)

Year ending: Dec-03

Prior estimate: 0

New estimate: -2.36

Rationale: Higher fuel prices; war lowers demand

Company: Alcoa Inc (AA)

Year ending: Dec-03

Prior estimate: 1.30

New estimate: 0.95

Rationale: Weak durable goods demand

Company: Goodyear Tire (GT)

Year ending: Dec-03

Prior estimate: 0.09

New estimate: -0.02

Rationale: See lower 2003 operating margin

Apr. 2

Company: BP plc ADS (BP)

Year ending: Dec-03

Prior estimate: 2.43

New estimate: 3.01

Rationale: Company first quarter trading update

Company: JetBlue Airways (JBLU)

Year ending: Dec-03

Prior estimate: 1.70

New estimate: 1.13

Rationale: Effect of war on oil prices, travel

Company: Smurfit-Stone Container (SSCC)

Year ending: Dec-03

Prior estimate: 0.95

New estimate: 0.60

Rationale: Company guidance, higher energy costs

Company: Southwest Airlines (LUV)

Year ending: Dec-03

Prior estimate: 0.50

New estimate: 0.40

Rationale: Effect of war on travel

Apr. 1

Company: AK Steel Holdings (AKS)

Year ending: Dec-03

Prior estimate: 0.95

New estimate: 0.50

Rationale: Company's first quarter guidance

Company: Cree Inc (CREE)

Year ending: Jun-04

Prior estimate: 0.58

New estimate: 0.71

Rationale: Major expansion of distribution pact

Mar. 31

Company: Electro Scientific (ESIO)

Year ending: May-03

Prior estimate: 0

New estimate: -0.80

Rationale: Ongoing accounting review

Company: Owens-Illinois (OI)

Year ending: Dec-03

Prior estimate: 1.75

New estimate: 1.50

Rationale: High natural gas costs, low gas shipments

Company: Regeneron (REGN)

Year ending: Dec-03

Prior estimate: -3.25

New estimate: -2.79

Rationale: See lower clinical, development costs


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