The Andersons shares up 15% in pre-market on revised FY08 earnings guidance
The Andersons, Inc. (Nasdaq:ANDE) shares were up 15% in pre-market trading after the company raised its guidance late Thursday for fiscal year 2008 to a gain between $4.40 per share and $4.80 per share. Previous estimates were between $3.65 and $4 per share. The Maumee, Ohio-based agriculture and transportation company said it raised the guidance outlook based on a solid first half of the year. Ahead of the bell Friday, shares were at $37.98, up $5.05 from Thursday’s close.
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