Lower Forecast For Longs Drug Stores

S&P also cut earnings estimates for XL Capital, plus other EPS changes

Company: Longs Drug Stores (LDG )

Year ending: Jan-02

Prior estimate: 1.51

New estimate: 1.28

Rationale: Continued softening markets

Company: XL Capital (XL )

Year ending: Dec-01

Prior estimate: 5.00

New estimate: 0.23

Rationale: Reflects claims from WTC

OCT. 8

Company: Children's Place (PLCE )

Year ending: Jan-02

Prior estimate: 1.60

New estimate: 1.35

Rationale: Weaker retail sales

Company: FMC Corp (FMC )

Year ending: Dec-01

Prior estimate: 5.35

New estimate: 4.55

Rationale: Impact of recession on industrial chemicals

Company: Micrel Inc (MCRL )

Year ending: Dec-01

Prior estimate: 0.13

New estimate: 0.08

Rationale: Weaker economic outlook

OCT. 5

Company: Alaska Air (ALK )

Year ending: Dec-01

Prior estimate: d0.36

New estimate: d3.07

Rationale: Difficult industry conditions

Company: Alcan Inc (AL )

Year ending: Dec-01

Prior estimate: 1.80

New estimate: 1.30

Rationale: Continued weakness in durable goods demand

Company: BMC Software (BMC )

Year ending: Mar-02

Prior estimate: 0.84

New estimate: 0.67

Rationale: Continued economic slowdown

Company: Delta Air Lines (DAL )

Year ending: Dec-01

Prior estimate: d2.00

New estimate: d6.37

Rationale: Difficult industry conditions

Company: Gateway (GTW )

Year ending: Dec-01

Prior estimate: d0.03

New estimate: d0.19

Rationale: Continued economic weakness

Company: Nortel Networks (NT )

Year ending: Dec-01

Prior estimate: d0.82

New estimate: d1.10

Rationale: Worsening industry conditions

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