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Outlook Roundup: Napster, MEMC



03 April 2008 @ 09:34 am EST

Among the earnings projection stories for Thursday, April 3, from the AP Financial Desk:

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LOS ANGELES (AP) Online music retailer Napster Inc. said Thursday it expects revenue for its fiscal fourth quarter ended March 31 totaled about $31 million, beating analysts' expectations.

ST. PETERS, Mo. (AP) MEMC Electronic Materials Inc., which makes wafers for the semiconductor and solar power sectors, lowered its first-quarter revenue outlook Thursday, citing production issues.

NEW YORK (AP) ConocoPhillips says it likely produced the equivalent of 1.8 million barrels of oil every day during the first three months of the year and made more money on each than in the past.

TULSA, Okla. (AP) Matrix Service Co., an industrial construction and repair company, said Thursday it expects its fiscal 2008 revenue to range from $720 million to $740 million.

SAN DIEGO (AP) Sequenom Inc. on Thursday cut its revenue expectations for the full year, citing slow U.S. sales of one of its genetic analysis products in the first quarter.

NEW YORK (AP) Exelon Corp. still expects to meet its financial targets for 2008, the energy company said in a regulatory filing Thursday ahead of its presentation at the Morgan Stanley Global Electricity and Energy Conference.

MEDINA, Ohio (AP) RPM International Inc., a coatings and sealant company which makes home repair products, lifted its full-year outlook Thursday after reporting a 21 percent rise in fiscal third-quarter profit.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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