Earnings
(Updated from 11:51 a.m. EDT, Sept. 26)
We're in the midst of confession season, when companies give a heads up about unexpected changes in earnings they plan to announce during their next quarterly report. Many of the announcements this month have been from companies whose earnings are being hit by higher oil prices, a weak euro and a slowing economy. What follows is a chart of many of the companies that have announced warnings and the reason for the changes.| Guiding Light Companies with third-quarter preannouncements | |||
| Company | Symbol | Date | Reason |
| Hertz | HRZ | Sept. 1 | Pricing pressures |
| Viant | VIAN | Sept. 1 | Reduced Net company spending |
| Campbell's | CPB | Sept. 7 | Inability to raise prices |
| DuPont | DD | Sept. 7 | Weak euro, fuel costs |
| Crane | CR | Sept. 11 | Weak euro, production delays |
| Leggett & Platt | LEG | Sept. 11 | Unanticipated problems |
| SCI Systems | SCI | Sept. 13 | Weaker demand from PC makers |
| Sherwin Williams | SHW | Sept. 13 | Materials costs |
| McDonald's | MCD | Sept. 14 | Weak euro |
| ArvinMeritor | ARM | Sept. 15 | Production downturn |
| Anadigics | ANAD | Sept. 15 | Production disruptions |
| Briggs & Stratton | BGG | Sept. 15 | Weak demand |
| PSINet | PSIX | Sept. 15 | Slower growth, reduced Net spending |
| Rockwell Int'l | ROK | Sept. 18 | Weaker demand |
| ICG Commun. | ICGX | Sept. 18 | Weak demand, outages |
| Gillette | G | Sept. 18 | Weak euro |
| Alcoa | AA | Sept. 18 | Fuel costs, weak demand |
| Sprint | FON | Sept. 20 | Increased competition |
| U.S. Interactive | USIT | Sept. 20 | Reduced funding from dot-com clients |
| Goodyear Tire & Rubber | GT | Sept. 21 | Falling euro, rising energy costs, weak tire market |
| Intel | INTC | Sept. 21 | Weak sales in Europe |
| Newell Rubbermaid | NWL | Sept. 21 | Weak euro, higher material costs |
| Zomax | ZOMX | Sept. 22 | Market softness |
| Lexmark | LXK | Sept. 25 | Weak euro, lower orders than forecast |
| Eastman Kodak | EK | Sept. 26 | Weak euro, increased raw materials costs |
| priceline.com | PCLN | Sept. 27 | Slow sales of airline tickets |
| World Wrestling Federation | WWFE | Sept. 27 | Lower revenue from core business |
| Westpoint Stevens | WXS | Sept. 27 | Slower sales, inventory adjustments |
| Russell | RML | Sept. 27 | Slower sales, weak euro, rising material costs |
| Airborne Freight | ABF | Sept. 28 | Slow domestic demand, higher fuel costs |
| Apple | AAPL | Sept. 28 | Sales slowdown |
| Crown Cork & Seal | CCK | Sept. 28 | Rising costs, price competition |
| Dole | DOL | Sept. 28 | Weak euro, higher fuel costs |
| Paradyne | PDYN | Sept. 28 | Reduced shipments |
| American Financial Group | AFG | Sept. 29 | Deteriorating underwriting results |
| Caterpillar | CAT | Sept. 29 | Weak euro, soft construction market |
| Norfolk Southern | NSC | Sept. 29 | Lower operating revenues |
| UAL | UAL | Sept. 29 | Higher labor and fuel costs |
| Primus Knowledge Solutions | PKSI | Oct. 2 | Lower-than-expected revenue |
| Systems & Computer Technology | SCTC | Oct. 2 | Lower revenues |
| Tower Automotive | TWR | Oct. 2 | Declining sales, production cuts at Ford (F:NYSE) |
| Xerox | XRX | Oct. 2 | Weak sales, heavy competition |
| Source: Reuters, TheStreet.com | |||
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.26
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|
DOWN
74.92 |
DOWN
2.86 |
DOWN
1.85 |
DOWN
0.14 |
10 Yr
1.74%
SPDR Gold
152.68
|
|
-0.60%
|
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|
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|
-0.80%
|
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