Chopping Applied Materials Estimates

Fuel-price hikes, cold weather to impact earnings. Also trimming estimates on ConAgra

Company: Applied Materials (AMAT )

Year ending: Oct.-01

Prior estimate: 2.50

New estimate: 1.80

Rationale: Disappointing Q1

Company: ConAgra Foods (CAG )

Year ending: May-01

Prior estimate: 1.88

New estimate: 1.48

Rationale: Higher fuel costs, cold weather

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