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Fuller Lowers Outlook

9:24 AM MST | December 22, 2008 | Chemical Week Editorial Staff

H.B. Fuller says it expects earnings from continuing operations of 24 cts/share for its fiscal fourth quarter ended November 29, down from previous expectations of 40 cts-45 cts/share. Sales are expected to be about $350 million, down from prior guidance of $380 million-$390 million. “Commercial activity remained relatively strong in the first month of our fourth quarter but then turned sharply lower in the final six weeks of the period, corresponding to the disruption in the global financial and credit markets,” says Michele Volpi, president and...

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