2.40%C 7.82 8.31%UYG 5.47 10.28%
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VALLEY FORGE, Pa. - Drug distributor AmerisourceBergen Corp. raised its fiscal 2008 profit forecast Thursday to a range equal to or better than Wall Street's expectations.
| ABC | 30.7 |  0.53 |
The company raised its fiscal 2008 profit forecast to a range of $2.81 to $2.89 per share in profit from continuing operations, up from $2.77 to $2.87 per share. The outlook implies a profit of 65 to 73 cents per share in the fiscal fourth quarter, which ends in September.
On average, Thomson Financial reports that analysts expect a profit of $2.81 per share for the year, with 71 cents per share in the fourth quarter.
AmerisourceBergen swung to a loss in the fiscal third-quarter after agreeing to sell its PMSI workers' compensation business. Its adjusted profit and revenue exceeded analyst estimates.
U.S. stocks fell on Wednesday after signs of weakening employment and a contraction in service industries overcame earlier gains in the trading s...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
The markets have spoken: risk aversion is still the name of the game and that was obvious since the beginning of the week.
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