Wednesday, April 18, 2007

UPDATE 1-A.O. Smith posts higher 1st-qtr profit, backs '07 view

(Reuters) - The company said it is concerned that the weak housing market in the United States may linger into the second half of the year but stood by its 2007 earnings outlook of $2.75 to $2.95 a share.

"We continued to experience reduced demand in a number of housing-related market segments," Paul Jones, chairman and chief executive, said in a statement.


Read more at Reuters.com Market News

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