Innovation Update

Outlook roundup: Penn Virginia, Perficient

Stock quotes in this article: PRFT , PVA  

Among the earnings projection stories for Friday, March 6, from AP Financial News:

RANDOR, Pa. (AP) — Oil and natural-gas company Penn Virginia Corp. on Friday cut its 2009 capital spending budget and lowered its production outlook, citing deteriorating commodity prices and continued economic uncertainty.

AUSTIN, Texas (AP) — Information technology consulting company Perficient Inc. on Friday predicted first-quarter revenue would come in ahead of current Wall Street estimates.

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Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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