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Ferro Corp Raises FY 2013 Guidance; Issues Q4 2013 Guidance; Raffirms FY 2015 Guidance


Wednesday, 23 Oct 2013 04:35pm EDT 

Ferro Corp raised its fiscal 2013 adjusted earnings guidance to $0.42 to $0.45 per diluted share (EPS), versus previous guidance of $0.35 to $0.40 per diluted share. For fourth quarter of 2013, adjusted earnings to be in the range of $0.04 to $0.07 per diluted share. The Company also reaffirms its financial targets for fiscal 2015, including cost savings of greater than $100 million and adjusted earnings per share in excess of $1.00 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.14 for fiscal 2013; EPS of $0.73 for fiscal 2015. 

Company Quote

13.06
-0.28 -2.10%
19 Dec 2014