Markets & Finance

Lower Forecast for Biovail


Oct. 3

Company: AGCO Corp (AG)

Year ending: Dec-2003

Prior estimate: 1.55

New estimate: 1.19

Rationale: Guidance; lower margin, growth estimates

Company: Biovail Corp (BVF)

Year ending: Dec-2003

Prior estimate: 2.27

New estimate: 1.95

Rationale: Loss of product in traffic accident

Company: Salton Inc (SFP)

Year ending: Jun-2004

Prior estimate: 2.02

New estimate: 1.55

Rationale: Price reductions to reduce inventory

Oct. 2

Company: Baker Hughes (BHI)

Year ending: Dec-2003

Prior estimate: .62

New estimate: .87

Rationale: Special charges, lower fourth-quarter margins

Company: MeadWestvaco (MWV)

Year ending: Oct-2003

Prior estimate: .02

New estimate: -.12

Rationale: Weak coated paper prices

Company: Teekay Shipping (TK)

Year ending: Dec-2003

Prior estimate: 7.74

New estimate: 6.91

Rationale: Weak charter rates

Oct. 1

Company: Louisiana-Pacific (LPX)

Year ending: Dec-2003

Prior estimate: .33

New estimate: 1.08

Rationale: Improved oriented strand board prices


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