And women projected lower average earnings than men did ($86,000, compared with $113,000).

Some analysts had been projecting higher earnings for the quarter, in part because they did not take into account the merger costs.

TD had earlier projected earnings of 61 to 66 Canadian cents a share.

The Osaka-based bank also projected lower earnings of 85 billion yen for the current year.

Avon's stock lost more than 7 percent of its value after the company projected lower third-quarter earnings.

Analysts continued to work through the company's prospective financial position as they project its revenue and earnings.

A combined company, he said, would have projected annual earnings before taxes, interest and amortization of $17 billion.

Wall Street analysts who cover the company had projected earnings of 10 cents a share.

He projected earnings of as much as P400,000 from the venture.

In 1994, she projects revenues of $78 million and earnings of $1.25 a share.