Cutting Forecast for Washington Post

S&P makes estimate changes for Applera, Phillips Petroleum and others

Company: Applera Corp. (CRA )

Year ending: Jun-02

Prior estimate: d2.87

New estimate: d1.70

Rationale: Lower costs

Company: Carpenter Technology (CRS )

Year ending: Jun-02

Prior estimate: 1.20

New estimate: 0.25

Rationale: Company guidance

Company: Conoco Inc. (COC )

Year ending: Dec-02

Prior estimate: 2.47

New estimate: 1.80

Rationale: Sluggish demand for refined products

Company: Inhale Therapeutic (INHL )

Year ending: Dec-02

Prior estimate: d1.30

New estimate: d1.75

Rationale: Higher than expected R&D & SG&A costs

Company: Nabors Industries (NBR )

Year ending: Dec-02

Prior estimate: 1.88

New estimate: 1.39

Rationale: Weaker market conditions

Company: Peoples Energy (PGL )

Year ending: Sep-02

Prior estimate: 3.25

New estimate: 2.75

Rationale: Warm weather, equity losses

Company: Phillips Petroleum (P )

Year ending: Dec-02

Prior estimate: 4.86

New estimate: 3.87

Rationale: Weaker demand for refined products

Company: Potlatch (PCH )

Year ending: Dec-02

Prior estimate: d1.15

New estimate: d1.60

Rationale: Lower prices for wood products

Company: Washington Post (WPO )

Year ending: Dec-02

Prior estimate: 9.25

New estimate: 8.10

Rationale: Soft sales, higher costs

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