Among the earnings projection stories for Friday, Jan. 9, from AP Financial News:
NEW YORK (AP) — Best Buy Co., nation's largest consumer electronics chain, narrowed its fiscal 2009 adjusted earnings forecast Friday and said it will take an approximately $60 million fourth-quarter charge related to some employee buyouts.
NEW YORK (AP) — Drugstore operator and pharmacy benefits manager CVS Caremark Corp. on Friday forecast a smaller 2009 profit than Wall Street expected, pointing to uncertainty in the U.S. economy.
NEW YORK (AP) — General Mills Inc. reaffirmed its fiscal 2009 guidance on Friday, saying it was on track to meet sales and profit expectations even as costs are expected to be higher this year.
CHICAGO (AP) — Equity Residential, an apartment developer and manager, said on Friday it will not go ahead with some of its previously planned projects because of concerns about the economy.
ROCKVILLE, Md. (AP) — Shares of Emergent BioSolutions Inc. fell about 8 percent Friday after the company said its 2008 revenue and profit would fall short of expectations because of a shipping delay involving its anthrax vaccine.
DALLAS (AP) — Adding another lump of coal to the dismal holiday season for retailers, Tuesday Morning Corp. said Friday that sales in the fiscal second quarter fell 11.7 percent and it forecast earnings below Wall Street expectations.