Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

William Blair Cuts Pall to 'Market Perform'

Pall Corp. (PLL) reported second-quarter earnings per share of 20 cents, vs. 25 cents a year ago. William Blair downgraded the stock to market perform.

Analyst William Benton tells S&P MarketScope that Pall's second-quarter EPS missed his estimate by 9 cents. He thinks restructuring charges are becoming more operating vs. one-time in nature. He says it is becoming increasingly difficult for the company to reach back-half expectations as gross margin weaker than expected due to mixed issues.

Benton thinks hitting the bottom end of $1.25 to $1.40 2004 EPS target may be difficult. At current levels, he believes there is further downside potential to the stock price given the lack of conviction.

blog comments powered by Disqus