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Krispy Kreme Lowers Forecast, Cites Low-Carb Fad.
Wal-Mart lowers forecast due to food stamp cuts, bad weather.
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Tetlock, meanwhile, shows that some pundits have a reductive view of the world, which over time lowers forecasting accuracy.
The lowered forecast — the I.M.F.
Investors focused on Coke's lowered forecast yesterday, and sent the stock down $5.28, to $47.20.
The company cited shrinking margins and the cost of plant upgrades for the lower forecast.
The lower forecast reflects, among other things, reduced expectations for electricity plants in Argentina and Australia.
The estimates affirmed Coke's lowered forecast after the Sept. 11 terrorist attacks.
Its lowered forecast tempers the enthusiasm created by Honeywell and United Tech.
The lowered forecast comes just six weeks after Iceland said profit for the period would be about £62 million.
The company also issued 2001 earnings estimates that were in line with a lowered forecast that it issued last month.
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