Higher Forecast for Applied Materials

S&P revises earnings estimates for Dynegy and others

Company: Applied Materials (AMAT )

Year ending: Oct-02

Prior estimate: 0.12

New estimate: 0.19

Rationale: Company guidance, improving orders

Company: Computer Associates (CA )

Year ending: Mar-03

Prior estimate: 0.04

New estimate: 0.08

Rationale: Better than expected outlook

Company: Computer Sciences (CSC )

Year ending: Mar-03

Prior estimate: 2.40

New estimate: 2.75

Rationale: Reflects adoption of SFAS 142

Company: Dynegy (DYN )

Year ending: Dec-02

Prior estimate: 2.03

New estimate: 1.45

Rationale: Credit rating concerns

Company: El Paso Energy (EPN )

Year ending: Dec-02

Prior estimate: 0.83

New estimate: 0.59

Rationale: Reflects recent asset sales

Company: Olin Corp. (OLN )

Year ending: Dec-02

Prior estimate: 0.50

New estimate: d0.20

Rationale: Lower caustic soda prices

Company: Six Flags (PKS )

Year ending: Dec-02

Prior estimate: d0.23

New estimate: d0.08

Rationale: Lower than expected loss in the first quarter

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