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Lowered earnings estimates and increased competition from the likes of Wal-Mart have driven the shares in the Pleasanton, Calif.-based grocer near a five-year low.
The higher costs lowered earnings at airlines for two quarters.
Caterpillar joined a list of companies that have lowered earnings forecasts.
Joel J. Horowitz, the company's chief executive, last month lowered earnings projections for 2004.
But this has not reduced employment in aggregate or lowered earnings levels on average.
Intel raised spirits late Tuesday by slightly exceeding sharply lowered earnings expectations.
[Page C6.] Oracle met lowered earnings estimates but said its fortunes could worsen.
Albertson's, the supermarket chain, lowered earnings forecasts yesterday as sales declined and expenses rose.
Rising paper costs and a slowdown in advertising also lowered earnings, executives said.
In the last few weeks, several companies with major European operations have lowered earnings forecasts because of the tumult.
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Yet, when Dell Computer announced it would make the already-lowered earnings number for its current quarter, investors broke out the champagne.
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