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Markets & Finance

Cutting Estimate for Loews Corp


Company: Burlington Northern (BNI)

Year ending: Dec-01

Prior estimate: 2.45

New estimate: 1.98

Rationale: Difficult economy, poor coal yields

Company: Loews Corp (LTR)

Year ending: Dec-01

Prior estimate: 6.50

New estimate: d2.95

Rationale: Reserve boost, charges

Company: Technitrol (TNL)

Year ending: Dec-01

Prior estimate: 0.55

New estimate: 0.25

Rationale: Reflects workforce, plant charges

Company: Tidewater (TDW)

Year ending: Mar-02

Prior estimate: 3.20

New estimate: 2.42

Rationale: Slowed economies

OCT. 22

Company: General Motors (GM)

Year ending: Dec-02

Prior estimate: 4.20

New estimate: 1.54

Rationale: Reducing outlook for auto demand

Company: SAFECO Corp (SAFC)

Year ending: Dec-01

Prior estimate: 0.30

New estimate: d0.86

Rationale: Reserve charge

Company: Washington Post (WPO)

Year ending: Dec-02

Prior estimate: 10.25

New estimate: 7.95

Rationale: Very weak advertising demand


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