Sentence examples for downward earnings from inspiring English sources
"The third quarter is always the heaviest period for downward earnings revisions," said Thomas Galvin, chief investment officer at Donaldson , Lufkin & Jenrette
Reality hasn't come close to matching that early optimism — but because analysts repeatedly ratcheted their projections downward, earnings reports have been surpassing the relatively pessimistic estimates of recent weeks.
"We made significant downward earnings estimate revisions for the offshore drillers, and much more modest downward revisions for the oil service and equipment companies," says Robin Shoemaker.
"We expect the majority of its core consumer electronics businesses — such as TVs, mobile, digital cameras and personal computers — to continue to face significant downward earnings pressure," Moody's wrote in a statement.
Industrial heartland properties like Caterpillar, John Deere, Union Pacific and United Technologies were cut in half or more as much by macroeconomic fears of a deep recession as they were by a succession of downward earnings revisions by analysts and corporate managements.
To resolve the issue with the S.E.C., Unum restated downward its earnings for 2000-02 by a relatively minor $29 million.
In revising downward its earnings estimates, Interpublic lowered the forecast for the third quarter to 8 cents to 10 cents a share.
After reviewing the books of its U.S. Display unit, the Chesapeake Corporation restated downward its earnings for the first three quarters of 2000 by a total of $5.4 million, or 34 cents a share.
The client note cited "flattish" visitation during the last two days of Golden Week, plus third quarter "EBITDA that in general will disappoint" and expected "meaningfully" downward consensus earnings revisions, a scenario for Macau stocks to underperform.
Analysts are generally quite lenient in their estimates and tend to revise their estimates downward before earnings are announced.
In 1998, Waste Management adjusted its previous earnings downward by $1.43 billion.
