Outlook roundup: Basic Energy, Syneron Medical
By
Associated Press
October 20, 2008
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Among the earnings projection stories for Monday, Oct. 20, from AP Financial News:
MIDLAND, Texas (AP) _ Basic Energy Services Inc., an oil and gas well site services provider, on Monday forecast third-quarter earnings and revenue above Wall Street estimates.
NEW YORK (AP) _ Skin and cosmetic treatment maker Syneron Medical Ltd. said Monday its third-quarter profit fell by more than half due to difficult market conditions.
NEW YORK (AP) _ China Security & Surveillance Technology Inc. on Monday backed its third-quarter and full-year forecasts, citing strong demand for security-related products in China.
NEW YORK (AP) _ Omrix Biopharmaceuticals Inc. said Monday third-quarter revenue jumped 35 percent on sales of biosurgical and immunotherapy products, prompting it to boost full-year sales guidance.
CLEVELAND (AP) _ Industrial parts and systems maker Eaton Corp. on Monday posted a 22 percent rise in its third-quarter profit, beating Wall Street expectations because of strong revenue growth helped by acquisitions.
ST. LOUIS (AP) _ Solutia Inc. on Monday said it expects to report third-quarter revenue of about $1.1 billion, including continuing operations and revenue from a unit that the company plans to get divest.
NORTHBROOK, Ill. (AP) _ IDEX Corp., which provides fluid and metering products, on Monday lowered its forecasts for full-year 2008 earnings per share to reflect "a very challenging environment."