2.31%C 7.40 5.37%QQQQ 27.81 2.83%
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BRAINTREE, Mass. - Blood collection and processing systems maker Haemonetics Corp. boosted its fiscal 2009 outlook Friday after topping Wall Street's first-quarter expectations.
| HAE | 55.7 |  -0.33 |
The company now expects profit for the year ending in March between $2.33 and $2.43 per share, excluding charges, up from prior guidance of $2.31 to $2.41 per share. Revenue is now expected to rise between 10 percent and 13 percent, up from between 8 percent and 11 percent.
The revenue guidance implies a boost to between $568 million and $583.5 million, up from guidance of between $557.8 million to $573.2 million.
Analysts expect profit of $2.36 per share on revenue of $565.6 million.
Shares rose $2.94, or 5.1 percent, to $61.03 in afternoon trading. The stock has traded between $47.13 and $64.29 over the past 52 weeks.
U.S. stocks were mixed on Thursday after retailers reported mostly disappointing sales while other big-name companies announced layoffs and Europ...
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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