Markets & Finance

Lower Forecast for Footstar


Company: Footstar (FTS)

Year ending: Dec-2003

Prior estimate: 1.14

New estimate: -.64

Rationale: Higher costs

Company: Micron (MU)

Year ending: Aug-2004

Prior estimate: -.35

New estimate: -.10

Rationale: Better DRAM pricing outlook

Company: NBTY Inc (NBTY)

Year ending: Sep-2004

Prior estimate: 1.60

New estimate: 1.78

Rationale: Acquisition of Rexall Sundown

Sep. 12

Company: America West (AWA)

Year ending: Dec-2003

Prior estimate: -.47

New estimate: -2.16

Rationale: Second-quarter one-time gain backed out

Company: Dynegy (DYN)

Year ending: Dec-2003

Prior estimate: .08

New estimate: .06

Rationale: Weaker outlook

Sep. 11

Company: ABM Industries (ABM)

Year ending: Oct-2004

Prior estimate: .99

New estimate: .87

Rationale: Competitive pricing, lack of growth

Company: AirTran Holding (AAI)

Year ending: Dec-2003

Prior estimate: 1.10

New estimate: .76

Rationale: Now excludes second-quarter one-time cash receipt

Company: Alaska Air (ALK)

Year ending: Dec-2003

Prior estimate: -.27

New estimate: -1.44

Rationale: Backing out second-quarter one-time cash grant

Company: Albemarle (ALB)

Year ending: Dec-2003

Prior estimate: 1.92

New estimate: 1.55

Rationale: Company's second half guidance

Company: Delta Air (DAL)

Year ending: Dec-2003

Prior estimate: -4.91

New estimate: -8.26

Rationale: Backing out one-time items in the second quarter

Sep. 10

Company: Cox Communications (COX)

Year ending: Dec-2003

Prior estimate: .01

New estimate: .20

Rationale: Improved outlook for bundled services

Company: Delphi Corp (DPH)

Year ending: Dec-2003

Prior estimate: .59

New estimate: .52

Rationale: See worsening sales, margins

Company: Kansas City Southern (KSU)

Year ending: Dec-2003

Prior estimate: .78

New estimate: .32

Rationale: Poor results of Mexican affiliate

Company: Korn/Ferry (KFY)

Year ending: Apr-2004

Prior estimate: -.05

New estimate: .10

Rationale: Better first quarter; strong management effort

Company: National City (NCC)

Year ending: Dec-2003

Prior estimate: 3.41

New estimate: 3.04

Rationale: Company's third quarter warning


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