UPDATE 1-Quanex reduces top end of 2006 profit outlook

Newswire

(Adds details in last five paragraphs) CHICAGO, Oct 27 (Reuters) - Quanex Corp., which produces steel for the auto industry and aluminum sheets for the construction industry, on Friday reduced the top end of its forecast of 2006 profit. The Houston-based company said it now expects a profit per share from continuing operations in 2006 in the range of $4 to $4.05. It previously had forecast a range of $4 to $4.10. Analysts were expecting $4.12 a share on average, according to Reuters ...

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