Ferro (FOE +2.5%) moves higher today after saying it's sold assets related to its solar pastes...

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

Ferro (FOE +2.5%) moves higher today after saying it's sold assets related to its solar pastes business to Heraeus, a private global precious metals and technology company based in Hanau, Germany. Financial details of the transaction were not disclosed. With the sale, FOE will eliminate operating losses associated with the solar business. For FY13, FOE now expects EPS of $0.25 to $0.30, higher than estimates of $0.23.