Lower Forecast for Dow Jones

S&P revises earnings estimates for Yahoo and others

Company: Aetna (AET )

Year ending: Dec-02

Prior estimate: 1.48

New estimate: 1.98

Rationale: Company guidance

Company: Avnet (AVT )

Year ending: Jun-03

Prior estimate: 0.50

New estimate: 0.30

Rationale: Company warns about the third quarter

Company: BJ's Wholesale (BJ )

Year ending: Jan-03

Prior estimate: 2.15

New estimate: 1.75

Rationale: Weak same-store sales

Company: Dow Jones (DJ )

Year ending: Dec-02

Prior estimate: 0.81

New estimate: 0.45

Rationale: Softer advertising environment

Company: Electro Scientific (ESIO )

Year ending: May-03

Prior estimate: -0.25

New estimate: 0.01

Rationale: Removing charges from fiscal year 2003 estimate

Company: Hercules (HPC )

Year ending: Dec-02

Prior estimate: 0.60

New estimate: 0.67

Rationale: See higher than expected operating profits

Company: Men's Wearhouse (MW )

Year ending: Jan-03

Prior estimate: 1.30

New estimate: 1.00

Rationale: Company guidance

Company: Park Electrochemical (PKE )

Year ending: Feb-03

Prior estimate: -0.02

New estimate: -0.06

Rationale: PCB demand weakness

Company: Patterson-UTI (PTEN )

Year ending: Dec-02

Prior estimate: 0.11

New estimate: 0.05

Rationale: Updated market outlook

Company: Vishay Intertechnology (VSH )

Year ending: Dec-02

Prior estimate: 0.48

New estimate: 0.43

Rationale: Pushout in electronics industry recovery

Company: Yahoo (YHOO )

Year ending: Dec-02

Prior estimate: 0.14

New estimate: 0.16

Rationale: Economic uncertainty

OCT. 9

Company: Arrow Electronics (ARW )

Year ending: Dec-02

Prior estimate: 0.28

New estimate: 0.15

Rationale: Company guidance, pause in semiconductor recovery

Company: Citizens Communications (CZN )

Year ending: Dec-02

Prior estimate: -0.80

New estimate: -0.36

Rationale: Now includes special gain

Company: Lyondell Chemical (LYO )

Year ending: Dec-02

Prior estimate: -0.50

New estimate: -0.65

Rationale: Higher feedstock costs

Company: Northeast Utilities (NU )

Year ending: Dec-02

Prior estimate: 1.30

New estimate: 1.00

Rationale: Continued losses at nonregulated businesses

Company: Smith Intl. (SII )

Year ending: Dec-02

Prior estimate: 1.23

New estimate: 1.03

Rationale: Company guidance, updated market outlook

Company: Tidewater (TDW )

Year ending: Mar-03

Prior estimate: 2.11

New estimate: 1.77

Rationale: Company guidance, market outlook

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