Among the earnings projection stories for Thursday, May 1, from AP Financial News:
SAN DIEGO (AP) -- Wireless modem maker Novatel Wireless Inc. forecast second-quarter results below Wall Street's expectations Thursday, sending shares sharply lower in after-hours trading.
SUNNYVALE, Calif. (AP) -- Biotechnology company Cepheid reaffirmed its full-year earnings outlook and modestly raised its revenue guidance Thursday.
ROSELAND, N.J. (AP) -- Outsourcing services company Automatic Data Processing Inc. said Thursday it expects to hit the high end of its profit target range this fiscal year.
NEW YORK (AP) -- New England energy provider Northeast Utilities said Thursday it still expects to post 2008 earnings between $1.45 per share and $1.70 per share.
EMERYVILLE, Calif. (AP) -- Specialty coffee retailer Peet's Coffee & Tea Inc. said Thursday its 2008 revenue could fall below Wall Street analysts' estimates.
NEW YORK (AP) -- Moody's Investors Service said Thursday that the outlook for credit conditions in the automotive parts supplier sector over the next 12 to 18 months is negative.
MINNEAPOLIS (AP) -- Online education company Capella Education Co. said Thursday it expects second-quarter revenue growth of between 21 percent and 22.5 percent, based on projected enrollment growth.
