Ferro (FOE -21.2%) shares are faltering after it again lowered its 2012 earnings guidance,...

|About: Ferro Corporation (FOE)|By:, SA News Editor

Ferro (FOE -21.2%) shares are faltering after it again lowered its 2012 earnings guidance, mostly owing to a weakening outlook for its business focused on pastes and metal powders used in the production of solar cells. FOE expects to post writedowns of $175M-$200M. At least two research firms - Longbow and First Analysis - downgrade shares.