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Today's hot alert includes : Central European Distribution Corporation (Nasdaq: CEDC)
Central European Distribution Corporation Updates Guidance for Full Year 2009 and Provides Guidance for Full Year 2010
BALA CYNWYD, Pa., Oct. 12 -- Central European Distribution Corporation (Nasdaq: CEDC | Quote | Chart | News | PowerRating) today announced that it is revising full year 2009 net sales guidance from $1.55-$1.68 billion to $1.58 - $1.70 billion and full year comparable fully diluted earnings per share guidance from $2.40 - $2.65 to $2.35 - $2.50. The revised 2009 guidance takes into account the Company's acquisition of additional equity interests in Parliament and the Russian Alcohol Group, which are being consolidated beginning at the end of the third quarter 2009, as well as dilution from the Company's public offering of common stock in July, and recent exchange rate movements. Management's assumptions regarding the full year 2009 average exchange rates used in preparing this guidance have decreased from 3.20-3.30 PLN/USD to 3.10-3.20 PLN/USD and from 32.00-33.00 RUR/USD to 31.50-32.50 RUR/USD.
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