Solutia (SOA) lowers its guidance for FY11 EPS to $1.95-$2.05, from a previous range of...

|About: Solutia Inc. (SOA)|By:, SA News Editor

Solutia (SOA) lowers its guidance for FY11 EPS to $1.95-$2.05, from a previous range of $2.10-$2.25. The company says slower-than-expected demand for its products and raw material pricing pressure are behind the update. Shares are down 7% premarket.