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Outlook roundup: K-Swiss, Spirit AeroSystems

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April 29, 2008

Among the earnings projection stories for Tuesday, April 29, from AP Financial News:

WESTLAKE VILLAGE, Calif. (AP) -- Shoe retailer K-Swiss Inc. on Tuesday trimmed its full-year profit and sales outlook and said momentum in its international business is slowing.

WICHITA, Kan. (AP) -- Spirit AeroSystems Holdings Inc. lowered its full-year earnings and sales forecasts Tuesday, citing delays in 787 deliveries from Boeing.

TAYLOR, Mich. (AP) -- Masco Corp., a manufacturer of home improvement and building products, said Tuesday it cut its 2008 outlook because of continued uncertainty in the economy.

CLAYTON, Mo. (AP) -- Olin Corp. predicted late Monday that its second-quarter profit will remain flat or decline sequentially, as it expects earnings in its chlor alkali products unit to rise slightly and earnings in its Winchester unit to decline.

BALTIMORE (AP) -- Sports apparel maker Under Armour Inc. on Tuesday reiterated its full-year sales outlook for $765 million to $775 million, just shy of Wall Street's expectations.

BLOOMFIELD HILLS, Mich. (AP) -- Penske Automotive Group Inc. on Tuesday issued a second quarter earnings forecast close to Wall Street's expectations, and maintained its outlook for the full-year.

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