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Outlook roundup: Sara Lee, Dollar Thrifty



By AP
05 November 2008 @ 11:38 am EST

Among the earnings projection stories for Wednesday, Nov. 5, from AP Financial News:

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MILWAUKEE (AP)--Sara Lee Corp. lowered its outlook for fiscal 2009 on Wednesday because of a stronger dollar and a higher number of shares outstanding due to the suspension of its buyback plan.

TULSA, Okla. (AP)--Dollar Thrifty Automotive Group Inc. said Wednesday it expects to post an adjusted pretax loss for the full year 2008 as a result of the weak economy and the ongoing problems in the automotive and airline industries.

MELVILLE, N.Y. (AP)--Medical-products provider Henry Schein Inc. cut its 2008 profit outlook Wednesday as it plans layoffs and facility closings amid a weaker sales market.

HOUSTON (AP)--Quanta Services Inc., which builds and maintains energy infrastructure, on Wednesday issued fourth-quarter financial targets that are lower than the average expectation on Wall Street.

SANTA ANA, Calif. (AP)--For-profit education company Corinthian Colleges Inc. on Wednesday affirmed its fiscal 2009 earnings and revenue guidance.

ISELIN, N.J. (AP)--Intimate apparel maker Maidenform Brands Inc. on Wednesday lowered its 2008 profit and sales outlook to reflect the bankruptcies of department store chains Mervyns LLC and Boscov's Department Store LLC.

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 This material may not be published, broadcast, rewritten or redistributed.

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