Among the earnings projection stories for Friday, Jan. 25, from AP Financial News:
KINGSPORT, Tenn. (AP) _ Eastman Chemical Co. expects its earnings to more than double in the next five years because of projects designed to bolster profitability, the chemical company said Friday.
EAST AURORA, N.Y. (AP) _ Moog Inc. raised its fiscal 2008 profit and revenue forecast Friday on strong first-quarter sales results and recent acquisitions.
SAN DIEGO (AP) _ Medical device company NuVasive Inc. on Friday reaffirmed its loss outlook for 2007, and said preliminary results show its full-year revenue topped Wall Street expectations.
CHICAGO (AP) _ W.W. Grainger Inc., a distributor of facilities maintenance products, reiterated its 2008 earnings target, saying lower costs will offset any effects from a slowing economy.
WESTBROOK, Maine (AP) _ Idexx Laboratories Inc., which makes veterinary instruments and water purity tests, raised its 2008 revenue target after sales exceeded expectations in 2007.
LAKE SUCCESS, N.Y. (AP) _ Aceto Corp., a distributor of chemicals and generic drugs, on Friday cut its fiscal 2008 second-quarter earnings guidance due in part to a decline in sales volume and an increase in legal expenses.
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