Credit Suisse First Boston analyst Kevin McCarthy took the fiscal 2002 revenue revision as a cue to cut his fiscal 2002 estimates to $1.08 from $1.10, and fiscal 2003 estimates to $1.25 a share from $1.30.
Dell faced a host of downgrades from Wall Street analysts, including Credit Suisse First Boston analyst Kevin McCarthy, who cut his fiscal 2002 estimates to $1.08 from $1.10, and fiscal 2003 estimates to $1.25 a share from $1.30.
CSFB analyst Mark Wolfenberger upped his fourth-quarter earnings per share estimate by a penny, to 67 cents, and fiscal 2001 estimates by a dime, to $2.55.
The nondiscretionary portion of the budget surpassed all other spending categories in 2002, and Mr. Bloomberg's fiscal plan estimates that it will swell to $22.3 billion in the 2008 fiscal year from $16.1 billion this year.
The Citizens Budget Commission, a business-backed fiscal watchdog, estimates that if the union achieves merely the same 4 percent raise given to other unions, the next mayor will face a $4 billion hit in the first year.
Motorola is sending Wall Street analysts back to the cutting board today after saying that slow order volume will fray its second quarter and fiscal 2001 estimates.
Oakes raised fiscal 2006 estimates for Panera to earnings of $2.06 per share on revenue of $839.7 million, from earnings of $2.05 on revenue of $836.8 million.
Due to AT&T's new segment reporting, Watts reduced his fiscal 2006 estimates for the company to earnings of $2.04 per share on revenue of $85.48 billion, from earnings of $2.07 per share on revenue of $86.47 billion.
On Friday, Merrill Lynch analyst Steve Fortuna downgraded the stock to an "intermediate-term neutral" from an "accumulate" rating and reduced his fourth-quarter earnings-per-share estimate to 31 cents and his fiscal 2001 estimate to $1.60 per share, down from $2.08 per share.
