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The softness in the quarter was largely anticipated, but the company also urged analysts to reduce estimates for future revenue and earnings as well.
C1 Microsoft Lowers Sights Microsoft profits lightly exceeded Wall Street expectations, but its revenue fell short of most estimates and the company surprised analysts by urging them to reduce estimates for future revenue as well.
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ImClone Systems Inc. reduced estimates for withholding tax liabilities by nearly $19 million, to about $41.2 million yesterday.
After Sept. 11, retailers greatly reduced estimates for profits for the end of 2001 and for all of 2002.
[C2.] Nokia Sees Weak Sales Into 2002 Nokia, the maker of mobile phones, reduced estimates for the number of handsets it expects consumers to buy in 2001 and said the market would continue to shrink through early next year.
The device, described by Apple's chief designer Sir Jonathan Ive as "beautifully, unapologetically plastic", comes in a choice of five colours but has similar innards and functionality to the discontinued iPhone 5. UBS reduced estimates for iPhone sales, saying the company would ship 158m units, compared to a previous estimate of 175m units.
The U.S. Department of Agriculture report reduced estimates for U.S. corn and soybean harvests, trimmed its corn and soy output forecast for drought-hit Argentina and cuts its outlook for wheat production in flood-hit Australia.
The state is making up $147 million of the shortfall because lower Medicaid enrollments are leading it to reduce estimates of spending for some health programs.
Any possible influence of senescence, however, would reduce estimates of survival for these species in our dataset.
Mr. Coen's reduced estimate for American ad spending in 2001, made as part of his annual midyear forecast, was his second revision downward in six months.
If Mr. Coen's reduced estimate for 2001 holds, and there is much data from the first five months of the year to suggest it will, this year will show the smallest growth in American ad spending in the last 10 years.
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