Tuesday, July 17, 2007

Forest Labs quarterly profit rises 34 pct

(Reuters) - Forest shares fell as much as 2 percent in early trading but later recouped some of those losses.




"Despite the beat, Forest did not raise its fiscal 2008 forecast, which we would expect many on the Street to react negatively to," Natexis Bleichroeder analyst Corey Davis said in a research note.


Read more at Reuters.com Market News

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