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Trimming Estimate for AnnTaylor Stores


Company: AnnTaylor Stores (ANN)

Year ending: Jan-02

Prior estimate: 2.25

New estimate: 1.50

Rationale: Sharp decline in September sales

Company: Dow Jones & Co (DJ)

Year ending: Dec-01

Prior estimate: 1.62

New estimate: 1.10

Rationale: Reflects soft advertising demand

Company: Gap (GPS)

Year ending: Jan-02

Prior estimate: 0.56

New estimate: 0.35

Rationale: Sluggish consumer spending


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