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Steelcase, the office furniture maker, said yesterday that it was cutting 10percentt of its hourly work force in North America and lowering estimates for fiscal year 2001 earnings.
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Reduced sales after the terrorist attacks Sept. 11 led many companies to lower estimates for next year.
Merck & Company said yesterday that its second-quarter profit had climbed 6.6percentt, and that it had lowered estimates for the top-selling drug Zocor.
Shares of AstraZeneca of Britain fell after the company lowered estimates for full-year sales and said its Losec ulcer medicine was facing growing competition in the United States.
It was the third time in a year that each forecaster had lowered estimates for ad spending as economies in important markets like Britain, France and Germany deteriorated almost immediately after marketers started cutting ad budgets in the United States.
Analysts lowered estimates for MGM, following the Friday accident in which a 7-year-old tiger, named Montecore, attacked Horn, critically injuring the performer.
The research firm lowered estimates for AT&T based on the company's new reporting and accounting framework, but maintained an "outperform" rating on the stock.
Growth downgrades from the Office for Budget Responsibility have fed directly through into lower estimates for tax receipts that will add up to £56bn for the rest of this parliament.
The lower estimates for corn supplies mean customers will most likely find an increase in meat and dairy prices at the grocery store next year as the cost of animal feed — made primarily from corn and soybeans — remains high.
Lower estimates for t + − t − will be provided in terms of time mappings, which can be expressed by Abelian integrals.
In each case, we obtain the best upper and lower estimates for subdivisions determined by general hypersurfaces and by hyperplanes.
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