Outlook roundup: Talbots, Nortel Networks

HINGHAM, Mass. (AP) -Talbots Inc. reaffirmed its adjusted fiscal 2008 earnings outlook Wednesday, after reporting its first-quarter profit fell 69 percent on restructuring charges and other items.

NEW YORK (AP) -Canadian telecommunications equipment company Nortel Networks Corp. reaffirmed its 2008 outlook Wednesday, saying it still expects sales to grow in the low single digits.

PLEASANTON, Calif. (AP) -Apparel retailer Ross Stores Inc. on Wednesday boosted its 2008 earnings guidance and said its second-quarter profit may beat Wall Street analysts' estimates.

NEW ALBANY, Ohio (AP) -Girls' specialty retailer Tween Brands Inc. on Wednesday predicted second-quarter results above Wall Street expectations, after fiscal first-quarter results came in better than expected.

NEW YORK (AP) -Brown Shoe Co., which operates the Famous Footwear shoe store chain, forecast on Wednesday full-year sales below Wall Street expectations after a decline in same-store sales hurt first-quarter profit.