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It also issued a third-quarter forecast below Wall Street's projections.
Lowe's Companies reported weaker same-store sales than Home Depot and issued a quarterly profit forecast below analyst expectations.
The forecast, below the $3.40 average estimate of analysts polled by Thomson Financial/First Call, comes after Merck missed its own estimates for this year.
Following Apple's disappointing outlook overnight, with a revenue forecast below expectations, Arm - whose technology is used in the US company's products - lost 13p to 944.5p.
Following Apple's disappointing outlook overnight, with a revenue forecast below expectations, Arm and Imagination Technologies - whose technologies are used in the US company's iPads and iPhones - have both seen their shares hit.
Shrinking demand and falling sales led the company to lower its sales forecast below expectations, and if 2009 doesn't get any better, this could spell trouble for TomTom's loan agreements.
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Last week, the I.M.F.'s World Economic Outlook forecast "below-trend" growth for both sides of the Atlantic.
In a 2009 report to the school board, optimistic district officials had forecast: "Below-market rate housing targeted to high-turnover staff will reduce turnover and save money".
If long-range forecasts of below-normal rainfall and above-normal temperatures are accurate, conditions may well get worse.
But less than 42 percent have exceeded revenue forecasts — below the average rate of 52 percent over the last four quarters.
They found nearly half the states have had to lower their revenue forecasts below budgeted levels for the current year and that only 5 of the 50 states may finish at or near the year's initial projections.
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