Wyeth Upbeat About Earnings

Wyeth (WYE Quote) said Wednesday that several regulatory, research and manufacturing issues won't affect the company's estimated earnings for the year.

In fact, "if current business trends continue," Wyeth could produce full-year earnings per share at the upper end of the previously predicted range of $2.97 to $3.07, the company said after the markets had closed.

The prediction excludes any potential restructuring charges that could result from the company's continuing review of its business processes, Wyeth said. The consensus EPS forecast is $3.08, according to Thomson First Call. ...