61. It expects to miss earnings forecasts for the full year at a time when the strong economy has propelled sales at other big chains. 62. Its ownership also precluded earnings forecasts from stock analysts. 63. Last Friday, Coca-Cola joined a growing list of large companies that have lowered their earnings forecasts for the fourth quarter due to the volatility of global financial markets. 64. Last week, at the same time the board dismissed Dunlap, it said that his earnings forecasts for the second quarter and full year were far too high. 65. MARKETS AND ECONOMY Stocks Sag on Bleak Forecasts Stocks slumped as investors faced bleak earnings forecasts. 66. Microsoft typically manages Wall Street expectations so as to be able to exceed earnings forecasts. 67. More recently, two construction companies have failed to meet third-quarter earnings forecasts, leading to selloffs. 68. Millipore Corp., Data General Corp., and Analog Devices Inc. are part of a larger group of Massachusetts technology companies with lower earnings forecasts. 69. Most analysts are likely to reduce full-year earnings forecasts, he said. 70. Monsanto Co. and Xerox Corp. shares fell after the companies beat earnings forecasts. |