1. Among retailers, Tiffany said it would also miss profit forecasts for the remainder of the year because of a decrease in sales. 2. Disk-drive maker Western Digital Corp. and networking equipment manufacturer Cabletron Systems Inc. declined after saying fourth-quarter profits would miss forecasts. 3. Honda Motor Co. and Mazda Motor Corp. missed their forecasts because of a drop in the number of cars they produced in Japan. 4. Ironically, with less cash from earnings, companies that missed forecasts may have less money to invest in developing the next generation of technology. 5. It expects to miss earnings forecasts for the full year at a time when the strong economy has propelled sales at other big chains. 6. It was the first time Merrill missed forecasts in three years. 7. LSI Logic, Vitesse Semiconductor and Cypress Semiconductor became the latest to say that their quarterly results will miss Wall Street forecasts. 8. Shares in rival AnnTaylor Stores Corp. cratered after the company warned it would miss holiday forecasts. 9. They all said they were going to miss their forecasts. 10. Blue chips were also hurt by companies that missed earnings forecasts. |