Ferro (FOE) -8.5% AH after warning it expects 2012 EPS of $0.07-$0.12, below a $0.17 consensus....
Tuesday, October 9, 2012, 6:40 PM ETFerro (FOE) -8.5% AH after warning it expects 2012 EPS of $0.07-$0.12, below a $0.17 consensus. The company blames weakness in its solar pastes and metal powders businesses - the former saw a $0.14-$0.17/share loss. Ferro adds it's "exploring strategic options" for its solar pastes business, which has been hit hard by the solar industry's pricing and overcapacity issues, and plans to take impairment charges of $175M-$200M.
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