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Motorola said yesterday that it would meet, or perhaps exceed, its forecast for the second quarter.
The company reported a higher second-quarter profit and raised its full-year earnings forecast for the second time.
More significantly, the forecast for the second quarter has actually climbed from 17.6percentt on March 1.
C1 Ford announced sharp production cutbacks and lowered its fourth-quarter earnings forecast for the second time in three weeks.
The company reiterated its first-quarter and full-year earnings forecast for the second time in less than three weeks.
Economists at Barclays said the higher deficit led them to downgrade their growth forecast for the second quarter to 1 percent, from 1.6 percent.
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In a research note dated March 24, JPMorgan Chase chief equity strategist Thomas Lee issued a lukewarm outlook for the first half of the year, but his forecast for the second half raised eyebrows.
Tesla reported wider-than-expected losses in the second quarter, but is sticking to a profitable and cash flow positive forecast for the second half of the year.
But he said the new data was troubling enough that Morgan Stanley was reducing its economic growth forecast for the second half of the year.
The report added that "the strong grip of the national economic slowdown is defining the forecast for the second half of the year".
A recovery is "still forecast for the second half of the year but is expected to be more modest and to occur later than forecast in the autumn," the report said.
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