Goldman cuts USG EPS views
In a report, Winham trimmed his estimate for fourth-quarter EPS to 50 from 65 cents. He trimmed his outlook for 2001 earnings per share to $3 from $3.30.
The reductions were "due to a combination of softer end-market demand and rising raw material and energy costs," Winham wrote. "In addition, we expect the company will announce a significant charge to earnings related to asbestos this week."
He added that he was resuming a "cautious view toward the shares."