Lower Forecast for May Department Stores

S&P revises earnings per share estimates for Fossil and others
Company Ticker FY-End Prior Est. New Est. Rationale
Affordable Res ARC 5-Dec -1.00 -1.34 Wider than expected loss
Albemarle Corp ALB 5-Dec 2.00 2.25 Higher polymer additions prices
Cytec Indus CYT 5-Dec -1.87 -1.62 Lower cost estimates
Dura Automoti DRRA 5-Dec 1.39 0.70 Raising interest expense, lower margin
EGL Inc EAGL 5-Dec 1.30 1.15 Higher fuel prices
FMC Technologi FTI 5-Dec 1.42 1.14 Weaker than expected Q1
Fossil Inc FOSL 5-Dec 1.54 1.34 Weak Q1 sales
Global Power GEG 5-Dec 0.19 0.16 Lower margin contracts, business mix
May Dept Store MAY 6-Jan 2.15 1.90 Weak sales trends
Medarex Inc MEDX 4-Dec -1.64 -1.27 Lower R&D expenses
Natl Oilwell NOV 5-Dec 1.77 2.00 Higher revs, strong operating margins
Reckson Associa RA 5-Dec 0.75 0.85 Higher same property net oprtng incom
SpectraSite SSI 5-Dec 0.45 0.53 Strong cash flows, moderate growth

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