Wyeth Boosts Profit Outlook

Thanks to a second-quarter financial report that beat Wall Street estimates, Wyeth (WYE Quote) said Thursday it is raising its full-year earnings guidance.

"We had an excellent first half and look forward to a great year," Robert Essner, the chairman and CEO, told analysts during a telephone conference call.

He raised the full-year earnings outlook to a range of $3.48 to $3.56, excluding one-time items. The previous guidance had been $3.40 to $3.50. The consensus had been $3.49. ...