The company said it now expects second-quarter earnings of 68 cents and 72 cents a share, down from its prior outlook of 77 cents to 82 cents.
It announced that second-quarter earnings are expected to be between 68-72 cents a share, which is down from the original forecast of 77 to 82 cents.
Fed policy-makers signaled they were prepared to cut rates , now at a 41-year low , to ward off even the threat of deflation .