Trimming Estimate for Alcoa

S&P revises earnings forecasts for AmeriTrade and others

Company: Alcoa Inc (AA )

Year ending: Dec-03

Prior estimate: 1.45

New estimate: 1.30

Rationale: Rising energy costs; weak end markets

Company: Alliance Capital Management (AC )

Year ending: Dec-03

Prior estimate: 2.15

New estimate: 1.84

Rationale: Lower assets under management

Company: AmeriTrade (AMTD )

Year ending: Sep-03

Prior estimate: 0.22

New estimate: 0.18

Rationale: Lower trading activity

Company: Andrew Corp (ANDW )

Year ending: Sep-03

Prior estimate: 0.25

New estimate: 0.01

Rationale: Weakening wireless spending market

Company: ATMI Inc (ATMI )

Year ending: Dec-03

Prior estimate: 0.17

New estimate: 0.25

Rationale: Demand recovery in wireless communications

Company: Coherent (COHR )

Year ending: Sep-03

Prior estimate: 0.73

New estimate: 0.43

Rationale: Weak end-markets

Company: Ionics Inc (ION )

Year ending: Dec-03

Prior estimate: 0.65

New estimate: 0.50

Rationale: Soft industrial markets

Company: Leggett & Platt (LEG )

Year ending: Dec-03

Prior estimate: 1.40

New estimate: 1.22

Rationale: Weak sales, high costs

Company: Murphy Oil (MUR )

Year ending: Dec-03

Prior estimate: 2.03

New estimate: 2.48

Rationale: Company guidance; updated outlook

Company: THQ Inc (THQI )

Year ending: Dec-03

Prior estimate: 0.88

New estimate: 0.75

Rationale: Consumer spending slowdown concerns

Company: Verity Inc (VRTY )

Year ending: May-04

Prior estimate: 0.58

New estimate: 0.50

Rationale: Costs up, income down on recent acquisition

Company: Visteon Corp (VC )

Year ending: Dec-03

Prior estimate: 0.26

New estimate: 0.15

Rationale: Production cuts at largest customer

Mar. 13

Company: Baxter International (BAX )

Year ending: Dec-03

Prior estimate: 2.20

New estimate: 1.90

Rationale: Erosion of renal, bioscience, units

Company: Carnival Corp (CCL )

Year ending: Nov-03

Prior estimate: 2.10

New estimate: 1.70

Rationale: Supply ahead of demand; cost pressures

Company: Charles Schwab (SCH )

Year ending: Dec-03

Prior estimate: 0.35

New estimate: 0.30

Rationale: Poor investment sentiment

Company: Cymer Inc (CYMI )

Year ending: Dec-03

Prior estimate: 0.40

New estimate: 0.19

Rationale: Company guidance; see slower order rates

Company: Gene Logic (GLGC )

Year ending: Dec-03

Prior estimate: -0.60

New estimate: -0.45

Rationale: Pending acquisition to boost results

Company: International Paper (IP )

Year ending: Dec-03

Prior estimate: 1.70

New estimate: 1.42

Rationale: Higher energy costs; weaker demand

Company: Trinity Industries (TRN )

Year ending: Dec-03

Prior estimate: 0.25

New estimate: -0.10

Rationale: Weak railcar business, soft economy

Company: TriQuint Semiconductor (TQNT )

Year ending: Dec-03

Prior estimate: -0.20

New estimate: -0.25

Rationale: Weak pricing for the company's component products

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