Markets & Finance

Higher Forecast for Hughes Electronics


Oct. 15

Company: Cognex Corp (CGNX)

Year ending: Dec-2003

Prior estimate: .30

New estimate: .36

Rationale: Sale of written-off inventory

Company: CoStar Group (CSGP)

Year ending: Dec-2003

Prior estimate: .34

New estimate: .41

Rationale: Change in effective tax rate

Company: Documentum (DCTM)

Year ending: Dec-2003

Prior estimate: .36

New estimate: .40

Rationale: Positive third quarter

Company: Hughes Electronics (GMH)

Year ending: Dec-2003

Prior estimate: .03

New estimate: .05

Rationale: Newer services to aid subscriber growth

Company: MGIC Investment (MTG)

Year ending: Dec-2003

Prior estimate: 5.76

New estimate: 4.98

Rationale: Weaker outlook

Company: Parker-Hannifin (PH)

Year ending: Jun-2004

Prior estimate: 1.96

New estimate: 2.18

Rationale: Productivity gains

Company: Payless Shoesource (PSS)

Year ending: Jan-2004

Prior estimate: .57

New estimate: .50

Rationale: Third-quarter sales trending lower than expected

Company: Rowan Cos (RDC)

Year ending: Dec-2003

Prior estimate: .06

New estimate: .04

Rationale: Weaker outlook

Company: Triad Hospital (TRI)

Year ending: Dec-2003

Prior estimate: 2.20

New estimate: 1.76

Rationale: Third-quarter charge

Oct. 14

Company: Footstar (FTS)

Year ending: Dec-2003

Prior estimate: -.64

New estimate: -.54

Rationale: Company guidance

Company: J.B. Hunt (JBHT)

Year ending: Dec-2003

Prior estimate: 1.09

New estimate: 1.20

Rationale: Improved outlook

Company: Jefferies Group (JEF)

Year ending: Dec-2003

Prior estimate: 2.41

New estimate: 1.28

Rationale: Higher sales projections

Company: Koninklijke Philips Electronics (PHG)

Year ending: Dec-2003

Prior estimate: .40

New estimate: .63

Rationale: Stronger than expected third quarter EPS

Company: Merrill Lynch (MER)

Year ending: Dec-2003

Prior estimate: 3.40

New estimate: 3.78

Rationale: Higher sales projections

Company: Motorola (MOT)

Year ending: Dec-2003

Prior estimate: .11

New estimate: .20

Rationale: See handset sector driving growth

Company: Northrop Grumman (NOC)

Year ending: Dec-2003

Prior estimate: 3.60

New estimate: 4.04

Rationale: Better than expectd margin improvement

Company: Owens-Illinois (OI)

Year ending: Dec-2003

Prior estimate: 1.35

New estimate: 1.20

Rationale: Soft demand, pricing pressures, costs

Oct. 13

Company: Countrywide Financial (CFC)

Year ending: Feb-2003

Prior estimate: 14.24

New estimate: 15.61

Rationale: Company guidance

Company: Phelps Dodge (PD)

Year ending: Dec-2003

Prior estimate: -.66

New estimate: -.50

Rationale: More positive outlook for copper


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