S&P Lowers Earnings Estimates for AG Edwards and Allegheny Technologies

Weak industries prompt analysts to cut numbers

Company: AG Edwards (AGE )

Year ending: Feb-02

Prior estimate: 4.55

New estimate: 4.00

Rationale: Weak securities markets

Company: Alleghny Technologies (ATI )

Year ending: Dec-01

Prior estimate: 2.05

New estimate: 1.65

Rationale: Reflects lingering industry weakness

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