The company did not say how much it expected its sales and earnings to fall.
He expects earnings of at least $3 a share over the next 12 months.
Analysts said they had been led by the company to expect higher earnings per share.
For 1992 the group is expecting earnings of $4.30 a share, up from $4.25 a month ago.
We expect earnings from those companies to rise 56 percent in the first quarter.
Last week, the company said it expected its quarterly earnings to fall by at least 30 percent as a result.
As a result, the company said, it expects lower sales and earnings in the second half of the year.
Analysts had expected earnings of $1.37 a share for the quarter.
Wall Street expects the company's earnings to grow 80 percent a year, on average over three years.
He expects the company's earnings to grow 31 percent a year, on average, over three years.