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Ferro increases earnings outlook

7:15 AM MDT | April 9, 2013 | Rebecca Coons

Ferro lifted its first-quarter and fiscal-year 2013 earnings guidance based on preliminary results and progress made to date on the company's cost-savings and value-creation strategy. The company expects fiscal year 2013 earnings of 30–35 cts/share, up from a prior guidance of 25–30 cts/share, and first-quarter earnings of 5–7 cts/share, up from a previous forecast of 2–5 cts/share. Both forecasts beat a consensus of analysts' estimates, which are for first-quarter and full-year adjusted earnings of 4 cts/share and 28 cts/share...

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