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Nicor maintains 2008 profit prediction within range of views

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May 1, 2008

NAPERVILLE, Ill.—Natural-gas and shipping company Nicor Inc. on Thursday reaffirmed its full-year earnings prediction within a range of what Wall Street is expecting.

The company forecast earnings per share of $2.20 to $2.40.

Analysts polled by Thomson Financial, on average, expect a profit of $2.32 per share.

Also Thursday, the company said its first-quarter earnings fell 12 percent, as its gas distribution business was hurt by higher costs and its shipping business was impeded by high fuel prices and economic weakness.

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