Sunday, Jun 26, 2016
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The Andersons raises year s profit forecast

The Andersons Inc. of Maumee raised its full-year profit forecast yesterday to a range of $3.15 to $3.35 a share from its previous guidance of $2.90 to $3.15 a share.

The agribusiness cited the performance of its fertilizer unit and a projected large grain harvest this fall. Analysts polled by Thomson Financial expect earnings of $3.14.

The company s third-quarter financial results are to be released Oct. 31.

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