EDS Reduces 2004 Cash Flow Projections
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Electronic Data Systems Corp. cut its cash flow projections for 2004 on Monday because it spent $522 million to pay off money borrowed by a trust to finance a huge technology contract with the Navy.
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Accredo Health lowers earnings guidance for 2005.
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OAO Yukos said it is cutting its oil-output growth forecast for 2004 and would reduce its capital expenditures, in a sign that its conflict with the Kremlin was hurting the expansion of Russia&#39;s biggest oil exporter.
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Wall Street analysts slashed their  projections for fourth-quarter earnings growth as companies  reported weak results, according to a weekly survey by Reuters  Estimates.
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Independent oil and gas producer Devon Energy Corp.  on Friday trimmed its forecast for fourth quarter production by 1 million to 2 million barrels of oil equivalent, hurt by reduced Canadian gas output.
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EDS (EDS:NYSE - news - research) shares slipped Thursday after the company warned that an airline industry bankruptcy could take a big chunk out of earnings.
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Diebold Inc. DBD.N, the leading  maker of automated teller machines, on Monday reduced its  third-quarter and full-year earnings forecasts as it absorbs  costs for recertifying its electronic voting machines in  California and for expenses related to a pending civil action  in that state.
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Company has revised its financial forecasts for the current quarter.
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Wall Street analysts have lowered expectations for U.S. corporate earnings in the first two quarters of 2008, after results for the fourth quarter showed conditions much worse than initially expected, according to a weekly survey by Reuters Estimates.
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Electronic Data Systems Corp. EDS.N,  the world's second-largest technology services provider, on  Monday said it has postponed its earnings announcement until  Nov. 3 to evaluate a possible assets impairment of its  problematic Navy contract.
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Electronic Data Systems Corp. (EDS) could be facing more rough waters with its $8.8 billion U.S. Navy contract, as the IT services provider delayed release of its third-quarter results on Monday pending a review of the value of its assets used on the deal.
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Changes to the way hospitals are paid  are being scaled back amid concerns over "financial volatility".
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Electronic Data Systems Corp.  EDS.N said on Thursday the US Airways bankruptcy could reduce  its third-quarter earnings by up to 3 cents per share because  of a long-term information technology contract between the  companies.
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EDS, which initially delayed its earnings release on 25 October, said the latest delay comes because it and auditor KPMG need time to finish assessing &quot;the timing and amount of the (charge)&quot;.
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Encysive restructures to reduce its cash burn.
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SEPTEMBER 14, 2004 (IDG NEWS SERVICE) - Sun Microsystems Inc. trimmed its fourth-quarter and full-year 2004 results this week to incorporate the final accounting of asset retirement obligations and its settlement with Microsoft Corp.
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Nearly 200 staff take voluntary redundancy EDS told The Register today that it has axed around 250 jobs following its limited voluntary redundancy plan offered to more than 2,500 UK-based staff last month.â¦