Markets & Finance

Higher Forecast for Nextel Communications


Company: Commscope (CTV)

Year ending: Dec-2004

Prior estimate: .22

New estimate: .26

Rationale: Acquisition of new connectivity unit

Company: Crescent Real Estate (CEI)

Year ending: Dec-2004

Prior estimate: .09

New estimate: -.33

Rationale: Concentratd in economically weak areas

Company: Gene Logic (GLGC)

Year ending: Dec-2004

Prior estimate: -.40

New estimate: -.50

Rationale: Slower small biotech customer wins

Company: Newport Corp (NEWP)

Year ending: Dec-2004

Prior estimate: .11

New estimate: .23

Rationale: Improved sales outlook

Company: Nextel Communications (NXTL)

Year ending: Dec-2004

Prior estimate: 1.82

New estimate: 2.10

Rationale: Strong fourth quarter; company guidance

Company: Ventana Medical Systems (VMSI)

Year ending: Dec-2004

Prior estimate: 1.00

New estimate: 1.10

Rationale: Expected gross margin expansion

Feb. 19

Company: Metro-Goldwyn-Mayer (MGM)

Year ending: Dec-2004

Prior estimate: .02

New estimate: .12

Rationale: Tax benefits and net interest expenses

Feb. 18

Company: El Paso Corp (EP)

Year ending: Dec-2004

Prior estimate: .40

New estimate: .15

Rationale: Reduced reserves

Company: JLG Industries (JLG)

Year ending: Jul-2004

Prior estimate: .67

New estimate: .60

Rationale: Management guidance

Company: Marathon Oil (MRO)

Year ending: Dec-2004

Prior estimate: 2.99

New estimate: 2.63

Rationale: Modified cost assumptions

Company: Overseas Shipholding (OSG)

Year ending: Dec-2004

Prior estimate: 1.41

New estimate: 1.63

Rationale: Better charter rate environment

Company: Reuters Group (RTRSY)

Year ending: Dec-2004

Prior estimate: -.05

New estimate: .24

Rationale: Better than expected second half


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