Exact(2)
Nouriel Roubini, the economist nicknamed "Doctor Doom" for his accurate early forecasting of the credit crunch, said vast losses in credit cards, student loans, commercial property and car loans are still working their way through the system, inhibiting any return to growth.
Early forecasting of aftershocks has become realistic and practical because of real-time detection of hypocenters.
Similar(52)
Revenue was $50 million to $52 million, missing an earlier forecast of $63 million to $73 million.
That is down from an earlier forecast of $353 million to $374 million.
Most analysts now expect growth of less than 3% this year, down from earlier forecasts of 4%.
That is off from an earlier forecast of $13.8 billion to $14.8 billion, and 7 percent below revenue a year ago.
For the year, Garmin expects revenue of $464 million to $467 million, up from an earlier forecast of $437 million to $441 million.
That compares with an earlier forecast of a loss of 45 cents a share.
For 2006, Lockheed predicts earnings of $5.10 to $5.30 a share, up from earlier forecasts of $4.65 to $4.85.
Hewitt Associates estimates that premiums increased just 7percentt last year, after earlier forecasts of double-digit increases.
Revenue was $338 million to $345 million, compared with BMC's earlier forecast of $355 million to $365 million.
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