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The Street is currently modeling for first-quarter revenue to decline 5%.
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Forbes.com: What are you forecasting for first-quarter earnings?
The research firm is modeling aggregate fourth-quarter revenue of $1.38 billion (down 11% quarter-over-quarter) and orders of $1.76 billion (down 15% quarter-over-quarter), excluding results from Applied Materials, which has a January-ending quarter.
Expectations for fourth-quarter results are high.
"Guidance for fourth-quarter earnings appears relatively conservative," he says.
Stores are also reducing their outlook for fourth-quarter sales.
Volkswagen's first-quarter profit fell 24percentt as demand for its two best-selling models declined.
More ominously, many first-quarter reports contain warnings for the second quarter.
On August 10th Tata Motors posted a forecast-beating first-quarter profit, which it said had been driven by demand for JLR's luxury models.
On August 10th Tata Motors reported a forecast-beating first-quarter profit, which it said had been driven by demand for JLR's luxury models.
Vizio's first-quarter share climbed from only 12.9% for the quarter ended in December.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com