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Outlook roundup: W&T Offshore, Health Net



By AP
04 November 2008 @ 02:21 pm EST

Among the earnings projection stories for Tuesday, Nov. 4, from AP Financial News:

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HOUSTON (AP)--W&T Offshore Inc. said Tuesday it expects to produce less crude oil and natural gas in 2008 than previously forecast due in part to repairs from recent storms.

LOS ANGELES (AP)--Pointing to the rising medical costs that hurt its third-quarter results, health insurer Health Net Inc. on Tuesday lowered its expectations for fiscal 2008, and forecast 2009 results below Wall Street's estimates.

LIONVILLE, Pa. (AP)--West Pharmaceutical Services Inc. on Tuesday lowered its 2008 profit outlook, as renewed strength in the dollar will lead to lower revenue.

ST. LOUIS (AP)--Electric utility Ameren Corp. lowered its 2008 earnings to a range below Wall Street's expectations Tuesday, citing milder weather and lower-than-expected power prices.

DALLAS (AP)--Milk and dairy products distributor Dean Foods Co. said Tuesday it expects commodity costs to ease in the fourth quarter and reaffirmed its full-year guidance which is below Wall Street's expectations.

SYRACUSE, N.Y. (AP)--Burger King franchisee Carrols Restaurant Group Inc. said Tuesday it will slow store openings as a weak U.S. economy crimps momentum.

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 This material may not be published, broadcast, rewritten or redistributed.

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