Raising Forecast for Applied Materials

S&P revises earnings estimates for AES, Footstar, and others

Company: AES Corp. (AES )

Year ending: Dec-02

Prior estimate: 1.45

New estimate: 1.00

Rationale: Downsizing

Company: Applied Materials (AMAT )

Year ending: Oct-02

Prior estimate: 0.09

New estimate: 0.23

Rationale: Stronger outlook

Company: DSP Group (DSP )

Year ending: Dec-02

Prior estimate: 0.99

New estimate: 0.84

Rationale: Economic outlook

Company: Footstar (FTS )

Year ending: Dec-02

Prior estimate: 3.04

New estimate: 2.70

Rationale: Slow economy, price pressure

Company: Forest Oil (FST )

Year ending: Dec-02

Prior estimate: 0.25

New estimate: 0.12

Rationale: Oil and gas price outlook

Company: Lamar Advertising (LAMR )

Year ending: Dec-02

Prior estimate: d0.95

New estimate: d0.20

Rationale: Improved outlook

Company: News Corp. (NWS )

Year ending: Jun-02

Prior estimate: 0.57

New estimate: 0.49

Rationale: Stronger outlook

Company: Vintage Petroleum (VPI )

Year ending: Dec-02

Prior estimate: 0.58

New estimate: 0.03

Rationale: Reduced drilling

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