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Outlook roundup: Fortune Brands, Coventry



By AP
25 July 2008 @ 10:55 am EST

Among the earnings projection stories for Friday, July 25, from AP Financial News:

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Quotes
FO 37.68 0.05
CVH 11.03 -0.64
BDK 42.41 -0.3
B 13.08 -0.44
ITT 40.91 -0.39

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DEERFIELD, Ill. (AP)--Wine and spirits maker Fortune Brands Inc., which also sells home and hardware products and golf equipment, said it expects third-quarter profit to decline amid a difficult consumer environment in the U.S.

BETHESDA, Md. (AP)--Coventry Health Care Inc. reiterated its full-year forecast profit Friday, but the health insurer guided for third-quarter income at or above Wall Street's expectations.

TOWSON, Md. (AP)--Black & Decker Corp. on Friday guided for third-quarter earnings within range of Wall Street expectations but revised its full-year guidance.

BRISTOL, Conn. (AP)--Barnes Group Inc., an aerospace and industrial components manufacturer, said Friday it's targeting a 2008 profit of $2.30 to $2.36 per share, based on current economic conditions.

WHITE PLAINS, N.Y. (AP)--Defense contractor ITT Corp. guided its 2008 revenue above Wall Street's expectations on Friday.

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 This material may not be published, broadcast, rewritten or redistributed.

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