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Outlook roundup: Merck, DuPont
By The Associated Press | 04 Dec 2008 | 10:15 AM ET
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Among the earnings projection stories for Thursday, Dec. 4, from AP Financial News:

Top stories:

NEW YORK (AP) — Merck & Co. said its profit will fall in 2009 due to restructuring costs, generic competition and slower sales of key products.

DOVER, Del. (AP) — DuPont Co. will cut 2,500 jobs and said it will not turn a profit in the fourth quarter as a severe slowdown in the automotive and construction markets eats away at chemical sales.

HELSINKI, Finland (AP) — World-leading mobile phone maker Nokia Corp. downgraded its fourth-quarter market outlook Thursday for the second time, saying the slowdown in the industry was bigger than expected.

Other stories:

PROVO, Utah (AP) — Nu Skin Enterprises Inc., which sells personal-care products and nutritional supplements, forecast slightly lower profit and revenue than analysts expected in 2009.

LONG ISLAND CITY, N.Y. (AP) — Dental X-ray system maker Sirona Dental Systems Inc. said Thursday its fiscal 2009 operating income and revenue will be roughly flat with 2008 results due to the global economic slump.

DEVENS, Mass. (AP) — Energy equipment supplier American Superconductor Corp. reaffirmed its fiscal 2008 outlook but issued a 2009 revenue outlook below Wall Street's expectations.

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 This material may not be published, broadcast, rewritten or redistributed.

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