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Latest results warnings
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December 15, 2000: 9:44 a.m. ET
Black & Decker, Polaroid to fall short in 4Q; Microsoft cautions
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NEW YORK (CNNfn) - Toolmaker Black & Decker Corp. and instant photography specialist Polaroid Corp. warned Friday that their fourth-quarter earnings will be weaker than expected.
Their warnings followed Microsoft Corp.'s announcement late Thursday that its fiscal second quarter results would be below forecasts due to weak worldwide sales of personal computers.
Black & Decker feels sales pinch
Black & Decker (BDK: Research, Estimates) warned Friday that sluggish sales of power tools would cut fourth-quarter profit to about $1 a share excluding one-time items, well below Wall Street forecasts of $1.46 a share. [Click here for more]
Polaroid sees lower profit
Polaroid (PRD: Research, Estimates) cut fourth-quarter sales and earnings forecasts Friday due to slowing sales of its instant film. The Cambridge, Mass.-based company said the slowdown will cut sales by up to $70 million and bring operating profit down as much as $45 million to the breakeven range. Wall Street had been expecting profit of 52 cents a share for the quarter, according to forecast tracker First Call. [Click here for more]
Microsoft misses
Microsoft (MSFT: Research, Estimates) said late Thursday that its revenue and earnings for the fiscal second quarter ending this month will be 5 to 6 percent below the company's prior guidance. Revenue is now expected to be between $6.4 billion and $6.5 billion, while earnings per share will come in between 46 cents and 47 cents. [Click here for more]
Micro Component sees loss
Micro Component Technology Inc. said it expects a fourth-quarter loss of one cent to five cents a share excluding one-time items versus Wall Street forecasts for a profit of 10 cents a share. Micro Component (MCTI: Research, Estimates), a maker of systems for testing and assembling microchips, cited a slowdown in orders.
For more corporate results warnings news, click here. 
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