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The results matched analysts' reduced estimates.
The results were a penny higher than analysts' reduced estimates, according to First Call/Thomson Financial.
The results were at the high end of reduced estimates by analysts.
Also, Interpublic significantly reduced estimates of earnings for the third quarter and the full year.
Compuware exceeded analysts' reduced estimates of 5 cents a share on sales of $324.1 million.
After Sept. 11, retailers greatly reduced estimates for profits for the end of 2001 and for all of 2002.
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In war games, the new approach has reduced estimated casualties to 10percentt.
Analysts said they were disappointed by ArvinMeritor's reduced estimate range for its fourth-quarter earnings per share, which the company cut by 7 cents to 9 cents.
The reduced estimate is more in line with several made recently by industry analysts that reflected the continued slowdown in the American economy.
But this time round, what has commanded attention is the suggestion that the livestock industry can slash this already reduced estimate by a third.
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.
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