Kodak Forecast Raised

Plus: Estimate changes for Juniper Networks, Amerada Hess, and others

July 11

Company: Eastman Kodak (EK )

Year ending: Dec-02

Prior estimate: 2.05

New estimate: 2.30

Rationale: Manufacturing improvements

Company: Murphy Oil (MUR )

Year ending: Dec-02

Prior estimate: 2.53

New estimate: 1.21

Rationale: Co. guidance, updated market outlook

July 10

Company: Amerada Hess (AHC )

Year ending: Dec-02

Prior estimate: 8.60

New estimate: 7.48

Rationale: Updated market outlook

Company: Tellabs (TLAB )

Year ending: Dec-02

Prior estimate: 0.13

New estimate: 0.08

Rationale: Weak telecom spending market

Company: Texas Industries (TXI )

Year ending: May-03

Prior estimate: 2.30

New estimate: 2.75

Rationale: Dramatic turnaround in steel unit

Company: TMP Worldwide (TMPW )

Year ending: Dec-02

Prior estimate: 0.85

New estimate: 0.65

Rationale: Sluggish job growth

July 9

Company: Factory 2-U (FTUS )

Year ending: Jan-03

Prior estimate: 0.53

New estimate: 0.34

Rationale: Weak sales, lack of expense leverage

Company: Juniper Networks (JNPR )

Year ending: Dec-02

Prior estimate: 0.05

New estimate: 0.03

Rationale: Cont'd carrier spending delays

Company: Mentor Graphics (MENT )

Year ending: Dec-02

Prior estimate: 0.16

New estimate: 0.10

Rationale: Lower than expected revenues

Company: Quanta Services (PWR )

Year ending: Dec-02

Prior estimate: 0.30

New estimate: -0.20

Rationale: Customer bankruptcies

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