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Earnings roundup: Supervalu, Mueller Industries



By AP
22 July 2008 @ 02:51 pm EST

Among the earnings stories for Tuesday, July 22, from AP Financial News:

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MLI 27.95 0.16
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NEW YORK (AP)--Grocer Supervalu Inc. cut its 2009 profit guidance on Tuesday, citing a slowdown in consumer spending and soaring energy costs, even as it said profit rose 9 percent in its fiscal first quarter.

MEMPHIS, Tenn. (AP)--Mueller Industries Inc., which makes metal fittings, valves and tubing, said Tuesday its second-quarter profit fell 25.7 percent as it struggled with the housing industry slowdown and rising metal costs.

NEW YORK (AP)--Jefferies Group Inc. on Tuesday posted a second-quarter loss, reversing a year-ago profit, as its investment banking revenue dropped sharply and severance costs mounted as it let employees go. But results came in ahead of Wall Street expectations, and shares rose.

LEXINGTON, Ky. (AP)--Lexmark International Inc. on Tuesday said second-quarter profit rose 30 percent and revealed plans to close an inkjet manufacturing facility that the printer maker expects to boost annual savings starting next year.

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 This material may not be published, broadcast, rewritten or redistributed.

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