14.37%QQQQ 35.13 12.16%XLF 16.18 7.15%
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NEW YORK - Shares of Williams Cos. touched a seven-year high on Wednesday after the oil and natural gas producer and transporter raised its profit outlook for the next two years, predicting higher natural gas prices.
| WMB | 18.19 |  3.79 |
Shares gained 74 cents to close at $39.87. The stock traded as high as $40.75 earlier in the session, a trade not seen since 2001.
Early Wednesday, the Tulsa, Okla., company raised its 2008 earnings-per-share guidance to a range of $2.30 to $2.80, up from its May 1 forecast of $1.70 to $2.10. Analysts polled by Thomson Financial expect earnings of $2.21 per share, on average.
For 2009, it raised its outlook to between $2.05 to $2.90 per share, up from $1.80 to $2.30. Analysts expect earnings of $2.48 per share.
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