Table of Companies With Profit, Sales Shortfalls

Table of Companies With Profit, Sales Shortfalls: David Wilson
By David Wilson

Princeton, New Jersey, Oct. 2 (Bloomberg) -- The following table consists of U.S. companies that disclosed last month that earnings and/or sales would fall short of analysts' expectations or their own estimates.

``Current'' refers to the company's latest estimate, while `Previous'' is either an earlier forecast or analysts' average estimate, based on surveys by First Call/Thomson Financial or IBES International Inc.

The percentage difference is based on the midpoint of the current range. When the estimates cover more than one quarter, it's an average for the entire period.

The percentage change is shown for either the day of the announcement or the next trading day, depending on the timing of the company's release. The multiplier is the difference between the second percentage and the first, before rounding.

                       Earnings Shortfalls

                               ESTIMATE        PCT  PCT  MULTI-
COMPANY            PERIOD   CURRENT  PREVIOUS  DIFF  CHG  PLIER
Alcoa              SepQtr   40-43c      49c    - 15  - 5   0.3
Apple Computer     SepQtr   30-33c      45c    - 30  -52   1.7
ArvinMeritor       SepQtr   40-45c      59c    - 28  -14   0.5
Campbell Soup (1)  OctQtr   44-46c      52c    - 13  + 1   N/A
Crown Cork & Seal   2000    80-90c    $1.55    - 45    0   N/A
DuPont (2)         2dHalf  $1.44-54   $1.60    -  7  -10   1.4
Eastman Kodak      SepQtr  $1.31-46   $1.60    - 13  -25   1.8
Lexmark Intl       SepQtr   45-50c      60c    - 24  -28   1.2
                  DecQtr   55-65c      81c
Litton Indus (3)   OctQtr  90c-$1.02  $1.24    -  8  -24   3.0
                  FY2001  $4.74-98   $5.31
May Dept Stores    OctQtr   23-26c      38c    - 35  - 6   0.2
Maytag             2dHalf  $1.57-60   $1.93    - 18  - 6   0.3
Rockwell Intl      SepQtr   78-80c      88c    - 15  -20   1.3
                  FY2001  $3.10-20   $3.76
SCI Systems        SepQtr      34c      38c    - 11  -20   1.8
Sherwin-Williams   SepQtr   66-69c      73c
Sprint PCS (4)     SepQtr   45-47c      49c    -  6  -19   3.0
Watson Pharma      SepQtr     3-5c      48c    - 19  -20   1.1
                  DecQtr   39-41c      54c
                   2001   $2.38-42   $2.47

                        Sales Shortfalls

                               ESTIMATE          PCT  PCT  MULTI
COMPANY            PERIOD  CURRENT   PREVIOUS    DIFF  CHG  PLIER
Apple Computer     SepQtr  1.85-1.9B 2.0-2.07B   -  8  -52   6.5
Intel              SepQtr 8.55-8.72B     9.07B   -  5  -22   4.6
Priceline.com      SepQtr   340-345M  360-380M   -  8  -42   5.6
PSINet (5)         2dHalf   920-960M      1.0B   -  6  -19   3.2
SCI Systems        SepQtr       2.0B      2.3B   - 13  -21   1.6

(1) - Based on company forecast that earnings per share will be 6 cents to 8 cents `` below current published estimates.''

(2) - Company forecast earnings of $2.85 to $2.95 a share for 2000. Second-half range reflects first-half results.

(3) - Quarter ended in October is Litton's fiscal first quarter. Ranges are based on forecasts of a 10 percent to 20 percent drop in first-quarter earnings, and unchanged to 5 percent higher profit in the full year. It earned $1.13 a share in the year-earlier quarter, and $4.74 a share in all of fiscal 2000.

(4) - Also reduced forecast for third-quarter customer growth to 800,000 from 900,000.

(5) - Previous estimate from William Klein, an analyst at Wasserstein Perella Securities. PSINet also said it will need $600 million network to expand a network that hosts Web sites.

Earnings shortfalls at these companies exceeded 50 percent:

                               ESTIMATE        PCT  PCT  MULTI-
COMPANY            PERIOD   CURRENT  PREVIOUS  DIFF  CHG  PLIER
Goodyear Tire      SepQtr Break-even    29c    -100  -14   0.1
                  DecQtr  or loss      35c
Informix           SepQtr 5-8c loss      2c    -350  -10   0.0
UAL                SepQtr    Loss       97c    -100  - 5   0.0

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Quelle: http://quote.bloomberg.com/...hg5hZQVGFibGUg&T=marketsquote99_news.ht
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Mein persönlicher Kommentar:
Auf deutsch läßt sich dieses Geschehen wohl in etwa so beschreiben:
Wir prügeln so lange komplett irrational auf die Unternehmen ein, die es gewagt haben, daß böse, böse Wort auszusprechen. Am besten so lange, daß für die ganze nächste Dekade kein Mensch sich mehr traut in diese Firmen zu investieren.

Ein ziemlich verständnisloser,
  redcrx