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Another reason was a lowered forecast for revenue growth for newspapers, which she attributed to the fact that retail advertising this year "has not met expectations".
It contains a lowered forecast for US economic growth, Bloomberg says, will GDP expanding by 1.7% instead of 2% due to the automatic budget cuts and tax changes that have kicked in this year.
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Some big banks have lowered forecasts for sterling over the next few months, and one, WestLB in Germany, foresees $1.34 to the pound this summer.
The company also lowered forecasts for future output.
Back in December, the company lowered forecasts for the next four years in light of the popularity of those big phones — aka "phablets".
The company is currently seeing shares falling, currently down 3.46% in after-hours trading, on the back of the revenue miss and lowered forecasts for the fourth quarter and the full year.
National Semiconductor is the latest company in the wireless-phone industry to lower forecasts for revenue or profit.
But it's all a matter of perspective: today IDC said that it's actually lowering forecasts for tablet shipments this year and in the future.
The Bank of England lowered forecasts yesterday for economic growth and inflation, raising speculation that interest rates will remain at current levels for at least a year.
3M set a negative tone with a downbeat view on the economy and a lower forecast for full-year earnings.
On Wednesday, General Motors lowered its forecast for 2007 auto sales, joining the Ford Motor Company, which lowered its forecast on Tuesday.
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