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Outlook roundup: Perrigo, Monsanto



06 May 2008 @ 10:26 am EST

Among the earnings projection stories for Tuesday, May 6, from AP Financial News:

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PRGO 34.3 1.45
MON 117.54 -1.1
IPGP 18.28 0.57
WOLF 4.55 -0.05
TWGP 20.46 0.15
VMC 56.84 2.19
EL 45.52 0.03

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ALLEGAN, Mich. (AP) -Perrigo Co. raised the bottom end of its fiscal 2008 profit forecast after third-quarter earnings more than doubled and exceeded expectations, the pharmaceuticals company said Tuesday.

NEW YORK (AP) -Agricultural chemicals and seed company Monsanto Co. said Tuesday that it remains on track to achieve its 2012 growth plan.

OXFORD, Mass. (AP) -Laser supplier IPG Photonics Corp. said Tuesday it expects second-quarter earnings per share to grow at least 7 percent on strong international sales.

MADISON, Wis. (AP) -Great Wolf Resorts Inc. narrowed its full-year adjusted loss forecast Tuesday on improved preliminary second-quarter bookings.

NEW YORK (AP) -Tower Group Inc. on Tuesday issued a profit forecast consistent with analysts' expectations after reporting a 28 percent acceleration in first-quarter earnings.

BIRNMINGHAM, Ala. (AP) -Asphalt and concrete supplier Vulcan Materials Co. cut its fiscal year guidance, citing "a prolonged and severe downturn" in the residential construction market.

NEW YORK (AP) -Beauty-products maker Estee Lauder Cos. on Tuesday raised the lower end of its fiscal-year earnings forecast and reaffirmed its expectations for sales.

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 This material may not be published, broadcast, rewritten or redistributed.

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