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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: MikeM54321 who wrote (4201)	6/6/1998 7:42:00 AM
From: MikeM54321	Read Replies (1) \| Respond to of 9980

Re: Asia Warnings Jun 05, The Motley Fool Evening News Dental products manufacturer Dentsply International (Nasdaq:XRAY - news) plummeted $8 3/16 to $25 in very heavy trading after announcing that it anticipates lower-than-expected second quarter earnings of $0.35 to $0.37 a share (before charges), which would be slightly higher than last year's $0.33 but short of analysts' estimates of $0.40. A drop in the company's German laboratory business due to a reduction in government reimbursement levels is the main culprit affecting earnings. Other factors are also hurting the company's earnings, including economic problems in Asia and Latin America, inventory reductions by U.S. distributors as that industry undergoes consolidation, and continuing losses at its New Image unit, which the company expects will stay unprofitable for the remainder of the year. Dentsply now forecasts earnings for the year of $1.50 to $1.52 per share, compared with analysts' mean estimate of $1.60. Applied Industrial Q4 net to miss estimates CLEVELAND, June 5 (Reuters) - Applied Industrial Technologies said on Friday that due to a recent acquisition and slowing sales caused by the Asian economic crisis, it expected revenues and earnings for its fiscal fourth quarter to be below analysts' expectations. Final results for the distributor of industrial product for the quarter and the year are not expected to be announced until August 6, 1998. ''In addition to the Invetech acquisition, we have also been affected by a slowing of sales during the quarter in industries that were impacted by the weakening economies in Asia,'' he added. Applied Industrial Technologies is an independent distributors of bearings, mechanical and electrical drive systems, industrial rubber products, fluid power components and specialty maintenance and repair products. H.B. Fuller falls on Q2 warning ST. PAUL, June 5 (CBS.MW) -- Shares of H.B. Fuller took a beating Friday after the maker of adhesives, sealants and paints warned its second-quarter earnings from continuing operations will be below last year's. The company blamed a sales shortfall in its North American packaging and converting market as well as unexpected expenses for two recent acquisitions. Problems in Asia as well as Latin America will also hurt earnings. PS I don't think I can be catching them all. Anyone finding any others, please post. Thanks, MikeM(From Florida)