Quanex cuts 2007 earnings outlook

Newswire

NEW YORK, Oct 29 (Reuters) - Quanex Corp , a maker of materials and components for the auto and home construction industries, cut its 2007 earnings estimate on Monday, citing additional costs not included in its earlier forecast. Quanex said it expected 2007 earnings from continuing operations of $3.30 to $3.35 per share, down from its earlier estimate of $3.38 to $3.46 per share.

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