PHILIP CROSBY <PCRO> SEES LOWER 4TH QTR RESULTS Philip Crosby Associates Inc said it expects its audited results for 1986's fourth quarter to be lower than its previously estimated 10 to 15 cts per share. Philip Crosby Jr, executive vice president, said normal accounting adjustments, as well as a review of the company's international operations due to a previously reported alleged embezzlement, resulted in the lower results. Philip Crosby reported fourth quarter 1985 results of 1.3 mln dlrs, or 37 cts a share prior to an August 15 two-for-one stock split. Crosby said, however, he expects the company to report higher first quarter 1987 revenues than the 1986 first quarter revenues of 11.8 mln dlrs. Crosby said that tuition levels from the management consulting service company's courses this month are at the highest level in the company's history.