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ONEOK, ONEOK Partners Lift 2011 Earnings Forecast

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ONEOK, Inc. (OKE: Quote) announced that it has increased its 2011 net income midpoint and expects it to be within the upper end of the net income range provided on Nov. 1, 2011.

The company expects its 2011 net income to be in a range of $355 million to $365 million, within the earnings guidance range of $345 million to $365 million provided on Nov. 1, 2011. The updated guidance increases the net income midpoint to $360 million from $355 million and reflects higher anticipated earnings in the ONEOK Partners segment.

Also, ONEOK Partners, L.P. (OKS) announced that its 2011 net income is expected to be higher than the ranges provided on Nov. 1, 2011.

The company expects its net income range $820 million to $840 million, exceeding the previous range of $740 million to $770 million. The updated guidance increases the net income midpoint to $830 million from $755 million.

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by RTT Staff Writer

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This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
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