Outlook Roundup: ITT, American Electric Power

Among the earnings projection stories for Friday, April 24, from AP Financial News:

WHITE PLAINS, N.Y. (AP) — Defense contractor ITT Corp. cut its full-year adjusted profit and revenue forecasts Friday, saying it doesn't expect improvement in the industrial, commercial and auto markets this year.

COLUMBUS, Ohio (AP) — Power generator American Electric Power said Friday that it was maintaining its earnings outlook of $2.75 to $3.05 per share this year.

NEW BRITAIN, Conn. (AP) — Tool maker Stanley Works Co. said Friday it expects sales will remain weak through the rest of the year, and issued a wide earnings prediction range mostly under Wall Street's expectations.

CHARLOTTE, N.C. (AP) — Snack maker Lance Inc. said Friday raised its 2009 full year profit guidance, saying it expects sales to increase during the year.