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Chief in this category was J. C. Penney, which, despite improved apparel sales, said it would not meet analysts' earnings forecasts for the third time this year.
"Companies are trying to guide analysts to be a little bit more conservative in their earnings forecasts for the third and fourth quarters".
The first estimate of GDP is an output measure on two months' hard data for industrial production, construction output and services output available to the ONS together with forecasts for the third month.
And of the 260 companies reporting so far, analysts have already lowered their earnings forecasts for the third or fourth quarters for more than a third, or 95 of them, according to Thomson First Call.
Next has also moved higher, up 212p at £51.90, leading the FTSE 100 risers and recovering from weakness despite downgrading its profit forecasts for the third time in five months.
The announcement came one week after Mr. McDonough warned analysts to scale back their forecasts for the third time this year, a move that helped drive Newell's stock to its lowest level since 1994.
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The company's earnings fell short of forecasts for the first time since 2005.
The supermarket beat forecasts for the second quarter, but warned of tougher trading ahead.
The company also plans to offer profit forecasts for the fourth quarter and 2001.
Osborne will probably announce upgraded growth forecasts, for the second time in three months.
Federal Reserve economists lowered their growth forecasts for the fourth quarter and 2008.
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CEO of Professional Science Editing for Scientists @ prosciediting.com