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Outlook roundup: IBM, TJX



By AP
09 October 2008 @ 10:53 am EST

Among the earnings projection stories for Thursday, Oct. 9, from AP Financial News:

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Quotes
IBM 77.44 -3.23
TJX 19.29 -1.65
CHS 2.58 0.15
EYE 5.64 -0.29
ANF 17.87 1.29
EMN 27.56 -1.23

SYMBOL LOOKUP

SAN FRANCISCO (AP)--Shares of IBM Corp. jumped Thursday after the technology company's surprise announcement that it was still plenty prosperous in the third quarter despite the worsening economic climate.

FRAMINGHAM, Mass. (AP)--The TJX Cos. on Thursday lowered it guidance for the third-quarter after it reported September same-store sales fell 1 percent, missing expectations.

COLUMBUS, Ohio (AP)--M/I Homes Inc. said Thursday new contracts for homes as well as homes delivered both fell during the third quarter.

FORT MYERS, Fla. (AP)--Women's clothing retailer Chico's FAS Inc. said Thursday it pulled its earnings forecast for the second half of the year due to soft September sales results as well as current economic and financial market conditions.

SANTA ANA, Calif. (AP)--Eye-care products maker Advanced Medical Optics Inc. on Thursday lowered its full-year profit and revenue outlook, citing deteriorating economic conditions in Europe and the U.S.

NEW ALBANY, Ohio (AP)--Abercrombie & Fitch Co. warned Thursday that earnings for the second half of its fiscal year will likely come in well below prior forecasts due to continued economic difficulties and declining consumer confidence.

KINGSPORT, Tenn. (AP)--Eastman Chemical Co. has guided its third-quarter earnings above Wall Street's expectations, citing in part a recent drop in raw material and energy costs.

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 This material may not be published, broadcast, rewritten or redistributed.

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