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Outlook roundup: Black & Decker, Fortune Brands

By Associated Press April 24, 2008 Comments (0)

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Among the earnings projection stories for Thursday, April 24, from AP Financial News:

TOWSON, Md. (AP) _ Power tools maker Black & Decker Corp. cut its full-year profit forecast Thursday, predicting sales will decline further than previously anticipated in a tough economic climate.

DEERFIELD, Ill. (AP) _ Fortune Brands Inc., which sells Jim Beam whiskey, Titleist golf balls and Moen faucets, said continued sluggishness in its U.S. housing products business will lead to declining profit in its second quarter.

NEW YORK (AP) _ Fertilizer maker Potash Corp. of Saskatchewan Inc. on Thursday boosted its full-year 2008 earnings per share estimate by as much as 68 percent above its previous outlook on expectations of surging global food demand.

WARSAW, Ind. (AP) _ Hip and knee implant maker Zimmer Holdings Inc. affirmed its 2008 earnings outlook on Thursday after reporting that first-quarter earnings rose 3 percent.

CHANHASSEN, Minn. (AP) _ Fitness club operator Life Time Fitness Inc. on Thursday raised 2008 earnings expectations, after reporting first-quarter results above expectations.

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