TOKYO (June 27, 2003) — Bridgestone Corp. has raised its sales and earnings projections for fiscal 2003 based on stronger-than-expected sales growth in North America and Europe. For the full year, net income should reach about $615 million, Bridgestone said, a 10-percent increase over earlier forecasts. Pre-tax earnings should climb about 12 percent over the earlier projection, to more than $1.1 billion. The gains are even more substantial in the first half, the company said, with both ordinary and net income expected to be nearly a third greater than projections made earlier this year. Sales for the year are projected to be slightly higher at $18.2 billion. Also affecting the projections is the strengthening of the euro vs. the Japanese yen, the company said.
Bridgestone improves sales, earnings outlook for 2003
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