Ikon Office Raises 2Q EPS View To 22 Cents-24 Cents

Thursday, April 10, 2008 9:03 AM

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DOW JONES NEWSWIRES

Ikon Office Solutions Inc. (NYSE:IKN) (IKN) raised it fiscal second-quarter guidance early Thursday, citing better-than-expected sales from its equipment division.

The company said it now sees per-share quarterly earnings to come in between 22 cents and 24 cents, up from its previously issued forecast of 16 cents to 19 cents.

Revenue is expected to grow 1% over last year's quarter.

Ikon added that while equipment sales will be roughly flat with those of last year, they will still be an improvement over those of the fiscal first quarter, which showed a 6% decrease.

Ikon also maintained its fiscal 2008 forecast of adjusted earnings of 92 cents to 98 cents a share, excluding restructuring charges.

-Val Brickates Kennedy; 415-439-6400; AskNewswires@dowjones.com

    (END) Dow Jones Newswires   04-10-08 0903   Copyright (c) 2008 Dow Jones & Company, Inc.

(Source: iStockAnalyst )

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