Among the earnings projection stories for Wednesday, March 5, from AP Financial News:
HOUSTON (AP) _ Exxon Mobil Corp. said Wednesday it expects to invest between $25 billion and $30 billion on capital and exploration projects this year, up from about $21 billion in 2007, though the increase reflects the rising costs of finding new supplies of oil and natural gas.
NEW YORK (AP) _ While other retailers are slowing store growth or closing stores, handbag and leather goods maker Coach Inc. is accelerating its growth plan, company executives said Wednesday.
NEW YORK (AP) _ Pfizer Inc. executives sought to reassure investors on Wednesday that it was prudently planning for the loss of Lipitor profits by outlining plans to cut costs and expand in China.
BATAVIA, Ill. (AP) _ Combustion technology and engineering services company Fuel-Tech Inc. said Wednesday it expects revenue this year to top the 2007 level.
ST. LOUIS (AP) _ Brown Shoe Co., which operates the Famous Footwear shoe store chain, on Wednesday issued first-quarter and full-year earnings guidance well below Wall Street's estimates, as it expects continued soft demand throughout the year.
NEW YORK (AP) _ Chinese wireless media and service company KongZhong Corp. said Wednesday that its revenue in the first quarter of this year will be between $20 million and $21 million..
NEW YORK (AP) _ Canadian Solar Inc. said Wednesday it is "on track" to grow revenue and profit margins during the first quarter, despite snow storms that caused delivery delays.
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