Outlook roundup: Gentiva Health, Penske

Among the earnings projection stories for Thursday, Oct. 30, from AP Financial News:

MEVILLE, N.Y. (AP) — Gentiva Health Services Inc., a home health services company, raised its 2008 profit estimate Thursday and forecast a greater-than-expected profit in 2009.

BLOOMFIELD HILLS, Mich. (AP) — Auto dealer Penske Automotive Group Inc. on Thursday withdrew its earnings guidance for 2008 after posting a 44 percent profit decline for the third quarter.

ST. LOUIS (AP) — Energizer Holdings Inc., which makes batteries, razors and personal care products, said Thursday it may not be able to reach its goal of earnings per share growth of 10 percent for fiscal 2009.

PORTLAND, Ore. (AP) — Portland General Electric Co. reduced its full-year profit well below Wall Street's expectations Thursday, citing a customer refund ordered by the Oregon Public Utility Commission.

PHILADELPHIA (AP) — Managed care company Cigna Corp. on Thursday lowered its adjusted operating income guidance for 2008 in part to reflect an expected fourth-quarter loss of 45 cents per share in its discontinued variable annuity death benefits.

LIVONIA, Mich. (AP) — TRW Automotive Holdings Corp. on Thursday issued a full-year guidance well below Wall Street predictions and warned that 2009 could be a tough year as well, blaming the continued decline in North American and European automotive production.

ARLINGTON, Va. (AP) — Strayer Education Inc. on Thursday forecast a fourth-quarter profit above analysts' expectations, citing strong fall term enrollment growth and plans for new campuses.

PARSIPPANY, N.J. (AP) — Wyndham Worldwide Corp., which operates hotels and vacation rentals, on Thursday cut its 2008 profit target and said it will incur a bigger-than-expected restructuring charge in the fourth quarter.

NEW YORK (AP) — Motorola Inc. said Thursday it expects to earn 2 cents to 4 cents per share in the fourth quarter, which would fall short of Wall Street estimates.

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