Andersons raises 2007 earnings forecast |
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Published
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Thu, 29 Nov 2007 23:57
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SAN FRANCISCO (Thomson Financial) - The Andersons Inc. late Thursday hiked its full-year 2007 earnings forecast to a range of $3.40 to $3.60 a share, up from the $3.15 to $3.35 a share it estimated in October.The Maumee, Ohio-based diversified industrial company attributed the increased forecast to further income improvements in its plant nutrient group, continued increases in its grain business, and income from its investment in Lansing Trade Group.Chief Executive Mike Anderson said in a statement that 'some of these items are unlikely to be repeated which may limit our ability to perform at this record level next year.'Shares of the Andersons were unchanged at $40.84.Gabriel MadwaygmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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NASDAQ
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2367.66 |
-0.80 (
-0.03 %)
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2007-09-26 ) |
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SHIRE
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8:46am )
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1464.00 |
+15.00 (
1.03 %)
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8:46am )
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1887.99 |
+13.99 (
0.74 %)
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2010-03-12 )
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IBM
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5:00pm ) |
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