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Outlook roundup: Interstate Hotels & Resorts, FTI Consulting



By AP
07 May 2008 @ 11:34 am EST

Among the earnings projection stories for Wednesday, May 7, from AP Financial News:

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ARLINGTON, Va. (AP) -Interstate Hotels & Resorts Inc., a hotel management company, lifted its full-year profit outlook Wednesday, but narrowed its revenue per available room growth forecast.

BALTIMORE (AP) -FTI Consulting Inc., a provider of business advisory services, on Wednesday raised its full-year guidance above Wall Street's estimates, based on strong first-quarter results and current activity levels.

OKLAHOMA CITY (AP) -OGE Energy Corp. on Wednesday reaffirmed its earnings forecast for the full-year, predicting that a higher expected profit at its natural gas pipeline business will offset lower profit at its electric utility subsidiary.

LINCOLNSHIRE, Ill. (AP) -Acco Brands Corp., which makes office products, said Wednesday it expects 2008 sales to be close to flat as weak demand continues throughout the year.

CONCORD, N.C. (AP) -Speedway Motorsports Inc. maintained its full-year earnings forecast Wednesday after reporting a first-quarter profit that surpassed analysts' estimates.

BATON ROUGE, La. (AP) -Lamar Advertising Co., which owns and operates outdoor advertising and logo sign displays, on Wednesday issued second-quarter sales guidance below Wall Street estimates.

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 This material may not be published, broadcast, rewritten or redistributed.

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