Clarcor narrows its 2nd-quarter profit guidance on year-to-date results, backlog

FRANKLIN, Tenn. (AP) - Filtration systems maker Clarcor Inc. narrowed its full-year profit outlook, citing the company's financial results from the first two fiscal quarters and the current backlog. The company expects profit between $1.90 and $2 per share, narrowed from prior guidance of $1.85 to $2.05 per share. Clarcor also expects a 19 percent increase from revenue of $921.2 million in 2007, implying 2008 revenue of just under $1.1... [read full story]