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Ferro Corporation
Ferro Revises 2007 Fourth Quarter Estimates and Announces Likely Goodwill Impairment Charge
March 1st, 2008
Ferro Corporation (NYSE: FOE) announced revised 2007 fourth quarter earnings estimates and a likely non-cash charge for goodwill impairment. Revised 2007 Fourth Quarter Estimates Ferro announced that earnings per share for the 2007 fourth quarter are now expected to be approximately 3 cents below the low end of analysts' current earnings estimates. As reported by Thomson First Call, analysts expect earnings between 15 and 23 cents per share, excluding special charges. The Company's lower earnings expectations are primarily a result of a manufacturing interruption in December at its Bridgeport, New Jersey, organic chemical manufacturing plant and...
Source: Law & Health Weekly (2008-03-01)
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