Outlook roundup: PepsiAmericas, US Concrete
By
Associated Press
July 22, 2008
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Among the earnings projection stories for Tuesday, July 22, from AP Financial News:
MINNEAPOLIS (AP) _ PepsiAmericas Inc. on Tuesday raised its full-year profit outlook above Wall Street expectations after growth in parts of Europe lifted second-quarter profit for the bottler of Pepsi beverages.
HOUSTON (AP) _ U.S. Concrete Inc., which makes ready-mixed concrete and other building supplies, on Tuesday cut its second quarter profit guidance, citing a jump in raw material costs and a tough sales environment.
WESTCHESTER, Ill. (AP) _ Corn Products International Inc., which refines corn for use in food and industrial products, on Tuesday raised its full-year guidance and said it expects a 'solid' half of the year, despite higher raw material costs.
LEXINGTON, Ky. (AP) _ Lexmark International Inc. on Tuesday said it expects third-quarter sales to decline from a year ago, after the printing and imaging manufacturing company said second-quarter sales slipped partly on weakness in the inkjet market.