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Analysts cautioned against using today's forecasts as a benchmark for the health of the PC industry.
There is unlikely to be much upward pressure on forecasts as a result of today's update.
The Chevron Corporation's quarterly profit more than doubled, beating forecasts, as a rise in oil prices offset lower refinery earnings.
It is wrong to use long-term forecasts as a stick with which to beat the organisation.
The stock plummeted 29percentt on the announcement, the company's first downward revision to its forecasts as a publicly traded company.
The military contractors Northrop Grumman and General Dynamics posted higher third-quarter profit yesterday and raised their financial forecasts as a result of strong Pentagon spending.
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The study forecasts as much as a 48% reduction of new local TV content production, and 37% fewer local films.
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.
Ann Taylor also predicted earnings in line with forecasts, as an 11percentt increase in sales at its lower-price Loft chain tempered a drop of 15percentt at the company's more expensive namesake stores.
The HSS measures how well a forecast did as to a randomly selected forecast.
On Golf Channel on Wednesday, the analyst Frank Nobilo described the forecast as "a little like Armageddon".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com