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JDS changed its forecast to reflect "uncertain carrier capital spending prospects".
Insurers like the American International Group rallied after the Everest Re Group, a reinsurer, increased its 2003 profit forecast to reflect a jump in sales.
Williams-Sonoma raised its full-year forecast to reflect the better-than-expected second quarter, but left its outlook for the second half of the year unchanged.
The company raised its full-year profit forecast to reflect a recent licensing agreement with the Coca-Cola Company, but it lowered its sales outlook.
The committee revised its quarterly, three-year forecast to reflect a greater degree of optimism about the economy than it had in January.
Computer juggernaut Dell plans to raise its first-quarter revenue forecast to reflect growth in overseas markets.
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Analyst Jerome Samuel said: We are cutting forecasts to reflect ongoing concerns in Europe and Ireland, particularly.
As the year progresses, they revise down their forecasts to reflect guidance from corporate executives.
See articleThe OECD revised its growth forecasts to reflect a moderately better outlook in rich countries and the "widespread loss of momentum" in emerging markets.
We trim our operational forecasts to reflect the risks of sequestration [US military budget cuts] but lower tax and a three year £1bn buyback drives small upgrades to earnings per share.
This narrowly exceeded expectations and experts are now scrambling to revise second-half forecasts to reflect a growth rate that will likely exceed China's 8% targeted rate.
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