2.31%C 7.40 5.37%QQQQ 27.81 2.83%
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SOUTH WINDSOR, Conn. - Gerber Scientific Inc., which makes equipment to create signs and specialty graphics, on Wednesday reaffirmed its guidance for fiscal 2009 profit between 72 cents and 82 cents per share.
| GRB | 2.3 |  0.14 |
Analysts polled by Thomson Financial project profit of 13 cents per share.
Gerber Scientific, lowered its revenue guidance for the fiscal year ending April 30 by $30 million, saying it expects revenue in the range of $660 million to $690 million, a 3 percent to 8 percent increase from fiscal 2008.
The company on Wednesday also said it will cut 135 positions, or 6 percent of its global work force, because of falling demand for some of its products.
Gerber Scientific shares fell $1.54, or 13.8 percent, to $9.63 in morning trading. The stock has ranged from $7.56 to $12.64 over the past year.
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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