Outlook roundup: Corning, Movado Group

By Associated Press

May 29, 2008

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Among the earnings projection stories for Thursday, May 29, from AP Financial News:

CORNING, N.Y. (AP) _ Specialty glass and ceramics maker Corning Inc. on Thursday reiterated its second-quarter sales and earnings-per-share guidance in a range that includes analyst estimates.

PARAMUS, N.J. (AP) _ Upscale watch maker Movado Group Inc. affirmed its fiscal 2009 guidance on Thursday after reporting that first-quarter earnings dropped 48 percent.

NEW YORK (AP) _ SunOpta Inc., which sells personal care products and natural and organic foods, cut its guidance again on Thursday due to an investigation into the write-down of a unit.

MILWAUKEE (AP) _ Joy Global Inc., which makes surface mining equipment, on Thursday raised its sales and earnings-per-share forecast for the 12 months ending in October on expectations of strong domestic demand.

NASHVILLE, Tenn. (AP) _ Footwear and accessories retailer Genesco Inc. raised its forecast for full-year profit Thursday, citing lower expenses resulting from a legal settlement and a reduced number of outstanding shares.

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