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Outlook roundup: Corning, Movado Group



By AP
29 May 2008 @ 11:06 am EST

Among the earnings projection stories for Thursday, May 29, from AP Financial News:

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GLW 12.37 0.07
MOV 16.73 0.93
STKL 4.28 -0.23
JOYG 28.88 -2.09
GCO 26.67 0.71

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CORNING, N.Y. (AP)--Specialty glass and ceramics maker Corning Inc. on Thursday reiterated its second-quarter sales and earnings-per-share guidance in a range that includes analyst estimates.

PARAMUS, N.J. (AP)--Upscale watch maker Movado Group Inc. affirmed its fiscal 2009 guidance on Thursday after reporting that first-quarter earnings dropped 48 percent.

NEW YORK (AP)--SunOpta Inc., which sells personal care products and natural and organic foods, cut its guidance again on Thursday due to an investigation into the write-down of a unit.

MILWAUKEE (AP)--Joy Global Inc., which makes surface mining equipment, on Thursday raised its sales and earnings-per-share forecast for the 12 months ending in October on expectations of strong domestic demand.

NASHVILLE, Tenn. (AP)--Footwear and accessories retailer Genesco Inc. raised its forecast for full-year profit Thursday, citing lower expenses resulting from a legal settlement and a reduced number of outstanding shares.

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 This material may not be published, broadcast, rewritten or redistributed.

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