A change resulting from a new accounting standard lowered net income from $563 million for the year.

The Government is expected to lower its estimate for economic performance for the current fiscal year, which ends next March.

The company also lowered its earnings estimates for the full year and for 2001.

The company said yesterday that it was lowering its earnings estimates for the year to 80 cents a share, from 90 cents.

Analysts have been lowering their Cray estimates for the year to reflect expected growth of about 10 to 15 percent in earnings and revenue.

The company also lowered its guidance for the 2010 year.

"I am hopeful that many districts were able to lower their tax rates for the coming year," Senator Skelos said.

He has lowered his earnings estimate for the year from $4.60 to $4.30 to $4.35.

Honda lowered its earning targets for the full year ending in March 2003, but still expects to post a record profit.

The company also lowered its expectations for the full year.