Exact(3)
That hit the top end of its recently lowered estimate.
Nortel said it expected sales to grow only 15percentthis yearar, down from an already lowered estimate of 30percentt.
The home furnishings maker and seller Ethan Allen Interiors said yesterday that its fiscal fourth-quarter profits fell by a third, meeting its lowered estimate, but it also warned that sales and earnings in its first financial quarter would be lower than expected, because of softer economic activity.
Similar(56)
Many analysts embraced the lowered estimates.
The loss met analysts' lowered estimates.
Three weeks after warning investors that revenue would fall short of estimates, Apple Computer today announced quarterly earnings that narrowly missed even Wall Street's lowered estimates.
The analyst had already lowered estimates on May 25 due to lower notebook demand.
Prudential Equity Group generally lowered estimates on both Ford Motor and General Motors, and lowered the price target on the latter.
Standard & Poor's Equity Research downgraded Micron Technology to "sell" from "hold" and lowered estimates and the target price.
J.P. Morgan Securities downgraded Dow Chemical to "neutral" from "overweight" and lowered estimates.
Reduced sales after the terrorist attacks Sept. 11 led many companies to lower estimates for next year.
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