In July, it had forecast earnings of 95 cents to $1.05 a share.
In a note to clients, he forecast earnings about 25 percent below market projections.
Some analysts had forecast earnings of 20 cents a share or less in the latest quarter.
Wall Street had forecast earnings of 17 cents a share.
The company had previously forecast earnings of $3.12 to $3.18 a share.
Analysts had forecast earnings of $1.02 a share for the most recent quarter.
She has forecast per-share earnings of $2.25 for the firm in 1992.
For 2002, they forecast earnings of $1.02, or a 65 percent increase.
Not that he actually forecast higher earnings, mind you.
That, he said, would enable the company to improve its ability to forecast earnings.