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Outlook roundup: IBM, Illinois Tool Works



By AP
17 July 2008 @ 06:03 pm EST

Among the earnings projection stories for Thursday, July 17, from AP Financial News:

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Quotes
IBM 114.33 -0.67
ITW 47.91 -0.01
LEG 22.58 0.03
ESLR 7.87 -0.28
SYK 65.08 -0.68

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Top stories:

ARMONK, N.Y. (AP)--IBM Corp. its raising its profit targets for the year--again.

Other stories:

GLENVIEW, Ill. (AP)--Industrial products and equipment manufacturer Illinois Tool Works Inc. on Thursday issued a third-quarter earnings prediction inline with Wall Street's expectations and raised its forecast for the year.

CARTHAGE, Mo. (AP)--Diversified manufacturer Leggett & Platt Inc. on Thursday reaffirmed full-year guidance mostly above Wall Street's expectations.

NEW YORK (AP)--Evergreen Solar Inc. on Thursday offered guidance for the third quarter that falls below Wall Street's expectations.

KALAMAZOO, Mich. (AP)--Medical device maker Stryker Corp. said Thursday it continues to expect growth in the orthopedic implant market, despite potential pricing pressure, and backed its full-year guidance.

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 This material may not be published, broadcast, rewritten or redistributed.

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