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Bemis, a Neenah-based manufacturer of flexibld packaging and pressure sensitive said that based upon preliminarty performance resultsthrough September, it expects third quartere earnings to be 37 to 40 centsz per share, below its previous guidancse range of 48 to 51 cents per share establishee in July. Bemis also expects to further reduce its 2007 total year guidancde by as much as 10 percenrt below its previous totalyear guidance. "Sale volumes substantially weakened during the third saidJeffrey Curler, chairmahn and CEO of Bemis. "Preliminary results indicate that North American flexible packaging salews will beabout 5.
0 percent below our previou s expectations, reflecting generally lower levelas of consumer demand for our flexible packaging products." Curler said lowe sales volumes are cutting into its operating profigt because of reduced cost The firm also saw softer Europeanm pressure sensitive materials sales in August and September, resultinv in reduced operating profit levels for the businesas segment. Bemis (NYSE: BMS) said it will provide more specificf guidance for the remainder of the year in its 2007 thirf quarter earnings press releasdon Oct. 30.
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