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Outlook roundup: HealthSpring, Thoratec
By The Associated Press | 31 Oct 2008 | 02:41 PM ET
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Among the earnings projection stories for Friday, Oct. 31, from AP Financial News:

NASHVILLE, Tenn. (AP) — HealthSpring Inc. raised its profit and revenue expectations for 2008 Friday, as the insurer expects more members in Medicare Advantage plans and prescription drug plans.

PLEASANTON, Calif. (AP) — Medical device maker Thoratec Corp. lifted its 2008 profit and revenue forecasts after reporting strong cardiovascular device sales in the third quarter.

BOCA RATON, Fla. (AP) — SBA Communications Corp., which owns and operates wireless communication towers, on Friday narrowed its 2008 revenue forecast and said it expects an increase in revenue in 2009.

NEWARK, N.J. (AP) — Energy company Public Service Enterprise Group Inc. on Friday maintained its full-year earnings forecast within a range of what Wall Street is expecting.

RALEIGH, N.C. (AP) — Utility Progress Energy on Friday lowered the top end of its 2008 profit forecast range amid the slowing economy and financial crisis.

SAN DIEGO (AP) — Diagnostic test maker Gen-Probe Inc. raised its full-year profit outlook late Thursday on better-than-expected sales of diagnostic and blood-screening products.

MIAMI (AP) — Cruise operator Carnival Corp. boosted its full-year earnings outlook range Friday on new currency exchange rates and fuel prices.

NEW YORK (AP) — One day after announcing plans to slash 10 percent of its global work force, American Express Co. painted a bleak outlook on Friday, saying it does not expect to meet its financial targets until economic conditions improve.

AVON, Conn. (AP) — Health care outsourcing company Magellan Health Services Inc. reaffirmed its full-year profit outlook Friday, but said segment profit in 2009 could be hurt by contract losses and the weakening commercial segment.

OKLAHOMA CITY (AP) — OGE Energy Corp. lowered its 2008 earnings outlook Friday, citing among its concerns the possible effect of unfavorable weather on earnings.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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