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Wednesday, Jan 30
More on Owens-Illinois (OI): Q4 beats on earnings albeit on lowered expectations due to a...
More on Owens-Illinois (OI): Q4 beats on earnings albeit on lowered expectations due to a slowdown in its European business. Net losses narrowed - despite a 3.9% dip in net sales and a tightening of gross margins- after the bottle maker posted a goodwill-related charge of $3.86 per share a year earlier. Looking into FY13, the company said it expects continued growth in emerging regions and stable market conditions in North America, but added that ongoing economic uncertainty continues to muddy its forecast for Europe.