ARLINGTON, Va. - Financial advisory firm Watson Wyatt Worldwide Inc. on Tuesday set its fiscal 2009 profit and revenue guidance mostly above Wall Street forecasts.
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The company expects profit between $3.70 and $3.77 on revenue between $1.85 billion and $1.9 billion. Analysts polled by Thomson Financial expect profit of $3.71 on revenue of $1.86 billion. The fiscal year ends in June.
For the fiscal first quarter, which ends in September, the company expects profit between 82 cents and 85 cents per share on revenue between $433 million and $443 million. Analysts expect profit of 85 cents per share on revenue of $435.2 million.
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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