7.37%C 4.71 26.41%XLF 9.39 10.74%
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CHATTANOOGA, Tenn. - Consumer products maker Chattem Inc. Thursday reiterated its profit outlook for the year after reporting its second-quarter net income jumped 39 percent.
| CHTT | 69.84 |  1.44 |
The company continues to expect earnings per share toward the high end of a range of $4 to $4.20, excluding charges.
Analysts surveyed by Thomson Financial forecast, on average, a full-year profit of $3.96 per share.
"The continued strength of our Big 6 brands--ACT, Gold Bond, Icy Hot, Cortizone-10, Selsun and Unisom--behind effective advertising, and the early results of the 2008 new product introductions has maintained our positive momentum and put us in a strong position for the second half of fiscal 2008," Chairman and Chief Executive Zan Guerry said in a statement.
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