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Lubrizol Raises 2009 Earnings Outlook

Stock quotes in this article: LZ  

CLEVELAND (AP) — Specialty chemical maker Lubrizol Corp. on Thursday raised its outlook for 2009 earnings above Wall Street expectations.

The company said it expected to earn $3.83 to $4.23 per share. Excluding restructuring and impairment charges, the company set a target of $3.95 to $4.35 per share, compared with $4.09 per share last year.

Analysts usually exclude charges from their calculations, and they were expecting the company to earn $3.85 per share for all of 2009. ...

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