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PGN Comments on ང &ཅ Earnings Outlook

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January 05, 2009 |Comments: 0
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PGN

Progress Energy Inc. (PGN) expects fiscal 2008 earnings at the lower end of its projection.

The electric utility firm is looking for a profit of $2.95 to $3.05 a share for 2008. Analysts see profit of $3.01 a share.

For 2009, Progress Energy has forecasted earnings in the range of $2.95 to $3.15 a share, while analysts' estimates stand at $3.11 a share.

The company also stated that it slashed its 2009 capital expenditure budget by roughly $250 million.

Progress Energy is a Zacks #3 Rank ("Hold") company.

Read the full analyst report on PGN

 
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