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Outlook roundup: American Eagle, JC Penney



By AP
08 October 2008 @ 10:20 am EST

Among the earnings projection stories for Wednesday, Oct. 8, from AP Financial News:

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AEO 8.49 -0.37
USAP 10.23 -0.15
NTCT 7.03 0.07
WTSLA 2.33 -0.07

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PITTSBURGH (AP)--American Eagle Outfitters Inc. shaved the high end off its profit guidance for the third quarter on Wednesday.

PLANO, Texas (AP)--Department store operator J.C. Penney Co. slashed its third-quarter earnings forecast Wednesday, citing expectations for continued sales softness.

BRIDGEVILLE, Pa. (AP)--Universal Stainless & Alloy Products Inc. slashed its third-quarter earnings and sales forecast on Wednesday while announcing a new five-year collective bargaining agreement with the hourly employees at its Bridgeville, Pa., facility.

WESTFORD, Mass. (AP)--NetScout Systems Inc., which sells systems that report on network performance, reaffirmed its fiscal 2009 guidance late Tuesday night.

FOOTHILL RANCH, Calif. (AP)--Teen apparel retailer Wet Seal Inc. on Wednesday backed its third-quarter profit prediction after reporting a September same-store sales drop inline with its expectations.

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 This material may not be published, broadcast, rewritten or redistributed.

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