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Well, in that year the company actually had a negative cash flow from operations of $9 million;no operational problem at the time, because investors, mesmerized by the previous growth rate, eagerly lapped up more common shares when they were offered.
Lockheed had profit from operations of $1.07 a share in 2000.
In the period a year earlier, it had profit from operations of 31 cents a share.
The company, which is based in Toronto, expects 2002 earnings from operations of $5.25 to $5.90 a share.
In the period a year earlier, AT&T had earnings from operations of 53 cents a share.
The downgrade came after UAL posted a first-quarter loss from operations of $305 million, or $5.82 a share.
For the full fiscal year, Cargill reported profit from operations of $557 million, down from $659 million a year earlier.
The company also forecast a second-quarter loss from operations of as much as 25 cents a share.
It said Wednesday that it had a cash flow from operations of $17.9 billion and had reduced its net debt 41 percent, to $3.3 billion.
Second-quarter earnings will be "flat to down" from last year's profit from operations of $1.26 billion, or 88 cents a share, Mr. Daley said.
Hershey said it expected annual profit from operations of $2.25 a share, down from an earlier estimate of $2.46 to $2.51.
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