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DiamondCluster International Inc., which advises companies on computer and communications systems, cut its fiscal first-quarter sales forecast as much as 19percenttodayay because of weak demand in North America and Europe.
By repeating and extending the fundamental elements of the OBR methodology, it is clear that even if there is no slippage in borrowing from previous forecasts, the level of spare capacity in the economy is lower than expected, so the OBR will not be able to forecast as much catch-up growth as it did in March.
By Lanci's own forecast, as much as a third of sales in the next five years will come from PCs going into the living room entertainment node.
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The study forecasts as much as a 48% reduction of new local TV content production, and 37% fewer local films.
Everen Securities analyst Mark Roberts said in a report that falling prices and a shortage of components could prevent the company from beating forecasts as much as it has in the past.
Coupled with GM's more optimistic forecast for an industry-wide recovery, GM's sales forecast is as much as 20% higher than IHS Global Insight's forecast.
Operating income before depreciation and amortization will be 3percentto4percentcent below a forecast in July, when the company cut its forecast by as much as 4percentt from an earlier profit target of $1.6 billion, Allied said.
The forecast includes as much as 13 cents a share from Mexico's largest PepsiCo bottler.
Lockheed also raised its 2004 sales forecast, to as much as $34.8 billion from $34.5 billion.
Federated Department Stores said profit would be slightly more than its forecast of as much as 33 cents a share.
The company expects earnings per share to rise 14percentto18percentcent, less than the previous forecast of as much as 30percentt.
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