On the other hand, a stock's price often drops if enough analysts trim profit estimates.
On Friday, it lowered its profit estimate for 2003.
Even without the comments on future profit estimates and investments, this would have moved the shares down so was price sensitive information.
He says the foreign shares are trading at less than 10 times his profit estimate for the current fiscal year, which ends in March.
Caterpillar's surprisingly strong earnings for the latest quarter led analysts to raise their profit estimates.
And, for the years immediately ahead, profit estimates are clustered close together.
Ford said it was reaffirming its second-quarter profit estimate of 70 cents a share.
With investors focused on corporate earnings, some stocks fell as analysts revised profit estimates.
Now that the economy appears to be stronger than many economists had expected, these security analysts are scurrying to raise their profit estimates.
After the announcement, analysts quickly cut their quarterly and annual profit estimates.