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Markets & Finance

Lower Forecast for May Department Stores


Company

Ticker

FY-End

Prior Est.

New Est.

Rationale

Affordable Res

ARC

5-Dec

-1.00

-1.34

Wider than expected loss

Albemarle Corp

ALB

5-Dec

2.00

2.25

Higher polymer additions prices

Cytec Indus

CYT

5-Dec

-1.87

-1.62

Lower cost estimates

Dura Automoti

DRRA

5-Dec

1.39

0.70

Raising interest expense, lower margin

EGL Inc

EAGL

5-Dec

1.30

1.15

Higher fuel prices

FMC Technologi

FTI

5-Dec

1.42

1.14

Weaker than expected Q1

Fossil Inc

FOSL

5-Dec

1.54

1.34

Weak Q1 sales

Global Power

GEG

5-Dec

0.19

0.16

Lower margin contracts, business mix

May Dept Store

MAY

6-Jan

2.15

1.90

Weak sales trends

Medarex Inc

MEDX

4-Dec

-1.64

-1.27

Lower R&D expenses

Natl Oilwell

NOV

5-Dec

1.77

2.00

Higher revs, strong operating margins

Reckson Associa

RA

5-Dec

0.75

0.85

Higher same property net oprtng incom

SpectraSite

SSI

5-Dec

0.45

0.53

Strong cash flows, moderate growth


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