Outlook roundup: Tesoro, Chiquita

By Associated Press
June 17, 2008 | Comments (0)

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Among the earnings projection stories for Tuesday, June 17, from AP Financial News:

SAN ANTONIO (AP) _ Tesoro Corp. said Tuesday it is reevaluating its hedging strategies in light of energy market volatility and expects its second-quarter earnings to be $125 million lower as a result.

CINCINNATI (AP) _ Banana and fresh fruit producer Chiquita Brands International Inc. on Tuesday clarified its earnings guidance for the third quarter, saying the loss it expects will be similar to its loss in the year-ago quarter.

MONROE, Mich. (AP) _ Furniture maker La-Z-Boy Inc. expects to post a profit in fiscal 2009, based on macroeconomic factors affecting the sale of home furnishings, reversing a fiscal 2008 loss.

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