Sunday, April 13, 2008

Outlook Roundup: ConAgra Backs Guidance, Foundry Networks Sees Profit Well Below St. Estimates

Among the earnings projection stories for Friday, April 11, from AP Financial News:

NEW YORK (AP) -- Packaged foods maker ConAgra Foods Inc. said Friday it still expects earnings to grow 8 percent to 10 percent in the near term, and reaffirmed its guidance for fiscal 2008.

SANTA CLARA, Calif. (AP) -- Shares in Internet provider Foundry Networks Inc. plunged in premarket trading Friday, after it said it expects a profit well below Wall Street expectations because of a drop in orders.

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