Ferro sees Q4 profit below Wall Street view

Mon Feb 11, 2008 11:01pm GMT
 
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Feb 11 (Reuters) - Ferro Corp (FOE.N: Quote, Profile, Research) forecast a fourth-quarter profit below analysts' expectations due to a manufacturing interruption and increased raw material costs across the company's businesses.

The chemicals and coating company said fourth-quarter earnings are expected to be about 12 cents a share. However, it raised its net sales outlook to $570 million.

Analysts expect 18 cents a share, excluding special items, on revenue of $526 million, according to Reuters Estimates. (Reporting by Biswarup Gooptu in Bangalore; Editing by Jarshad Kakkrakandy)

 
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