Outlook Roundup: Exar, Union Pacific

FREMONT, Calif. (AP) Microchip supplier Exar Corp. on Tuesday lowered its revenue forecast for the fiscal third quarter citing manufacturing delays at a Chinese supplier and lower-than-expected orders.

OMAHA, Neb. (AP) Railroad operator Union Pacific Corp. on Wednesday cut its earnings prediction for the fourth quarter and full year, citing surging diesel costs and a delay in recovering fuel surcharges.

MILWAUKEE (AP) Mining equipment maker Joy Global Inc. on Wednesday issued a fiscal 2008 earnings prediction that could miss or beat Wall Street estimates as it spends to boost manufacturing capacity and benefits from a strong international market.

CHICAGO (AP) Exelon Corp., a utility serving the Mid-Atlantic and Midwest, said Wednesday it expects 2007 profit to come in at the upper end of its previous target.

LOS ALTOS, Calif. (AP) Rambus Inc., which licenses chip interface technology to electronics companies, on Wednesday lowered its fourth-quarter revenue target because of delays in closing expected licensing contracts.

STAMFORD, Conn. (AP) UST Inc., which makes smokeless tobacco products and produces wine, said Wednesday it will focus on its new products, a share repurchase program and cost cutting in 2008.

NEW YORK (AP) Ireland-based Icon PLC, which provides drug development and research services, said Wednesday it expects 2008 profit and revenue to rise beyond its 2007 expectations.