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That arithmetic was based on assumptions that Enron could deliver at least 75percentt of the $2 a share in pro-forma earnings that Wall Street had been forecasting for next year.
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Analysts' average forecast for next year's profit had been $697m.
A deficit of more than $1 billion is forecast for next year.
A further fall of 25% is forecast for next year.
It also cut its revenue forecast for next year by $1.2 billion, to $24.6 billion, and the forecast for 2005 by $2.8 billion, to $25.0 billion.
On November 21st, Morgan Stanley Dean Witter slashed its forecasts for next year's profits by one-fifth.
The institute maintained its GDP growth forecast at 0.9% for 2013, but lowered its forecast for next year from 1.7% to 1.6%.
Mr. Levy raised his revenue forecasts for this year and next.
Completion is forecast for 2015.
The forecast for 2012 is for $5.8bn.
The consensus forecast for 2014 also fell.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com