Ralcorp affirms 2008 profit growth outlook

By Associated Press
July 28, 2008 | Comments (0)

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Private-label cereal maker Ralcorp Holdings Inc. on Monday affirmed its outlook for 2008 profit-per-share growth of about 5 percent, excluding the impact of gains or losses on forward sale contracts related to its investment in Vail Resorts Inc.

The outlook implies 2008 profit of about $3.43 per share. In 2007, the company earned $3.27 per share.

Analysts polled by Thomson Financial anticipate profit of $3.44 per share for the year.

Ralcorp shares fell 89 cents to $51.84 in morning trading.

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