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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: reaper who wrote (225703)	3/5/2003 3:05:58 PM
From: MythMan	Read Replies (1) of 436258

>>Schering-Plough lowers 2003 earnings forecast Wednesday March 5, 2:59 pm ET KENILWORTH, N.J., March 5 (Reuters) - Schering-Plough Corp. (NYSE:SGP - News) on Wednesday lowered its 2003 profit forecast, blaming slumping sales of its allergy and hepatitis C treatments. The company estimated earnings of 75 cents to 85 cents per share for the year, down from a previous estimate of $1.00 to $1.15 per share. The announcement marks the second time Schering-Plough warned its 2003 profit would be lower than previously estimated. In October, after an unexplained three-day, 20-percent stock slump, the company set its 2003 view well below the $1.42 per share analysts on average estimated at the time. First quarter earnings are expected at 10 cents per share, well below the average estimate of 25 cents per share from analysts polled by Thomson First Call (News - Websites). <<

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