* Sees Q1 EPS above $0.25 vs est $0.14
* Sees Q1 sales $300-$310 mln vs est $279.9 mln
* Sees FY10 EPS $1.15-$1.40 vs est $0.85
* Sees FY10 sales $1.2 -$1.3 bln vs est $1.1 bln
April 5 Specialty metal products maker Brush
Engineered Materials Inc (BW.N) gave first-quarter profit view
above market estimates and raised its fiscal 2010 earnings
outlook, sending its shares up as much as 15 percent.
"The significant improvement in expected earnings is due to
increased sales volume, favorable product mix, pricing and
previously implemented cost initiatives," the company said in a
The company expects first-quarter earnings to be above 25
cents a share as it raised its quarterly sales view to a range
of $300 million to $310 million, about 10 percent higher than
In the first quarter, analysts on average were expecting
the company to earn 14 cents a share, on revenue of $279.9
million, according to Thomson Reuters I/B/E/S.
The company, which sees the strong demand continuing in the
coming quarters, expects full-year profit in a range of $1.15
to $1.40 a share, from 75 cents to $1 per share forecast
It raised the annual sales view by about $100 million to a
range of $1.2 billion to $1.3 billion.
Analysts were expecting annual earnings of 85 cents a share
on revenue of $1.1 billion.
The company's shares were trading up 14 percent at $25.83
in afternoon trade Monday on the New York Stock Exchange. They
touched a high of $26.14 earlier in the day.
(Reporting by Vinay Sarawagi in Bangalore; Editing by