Goodrich Cut Sales Forecast To $6.7 Billion On Currency Exchange Fluctuations (GR)
Thu. October 22, 2009; Posted: 10:33 AM
Oct 22, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 10/22/2009 - Goodrich Corp. (NYSE:GR) backed its 2009 profit prediction on Thursday but cut its sales forecast. The company lowered its 2009 sales outlook to $6.7 billion, down from $6.9 billion, vs. the consensus estimates of $6.8 billion. It still expects full-year EPS of $4.60 to $4.75, vs. the consensus estimates of $4.58. Goodrich says the sales estimate includes unfavorable sales impacts related to foreign currency exchange rate fluctuations and lowers sales related to the formation of a joint venture. The company expects full-year 2010 EPS of $4.15 to $4.40, vs. the consensus estimates of $4.59, and revenues of $7 billion, vs. the consensus estimates of $6.9 billion.
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