EPS & Earnings ... Hits & Misses

[madrose1]

GLW reaffirms Q1 guidance (GLW) 24.21 : Co reaffirms Q1 guidance of sales of $1.2-$1.25 bln and pro-forma EPS of $0.21-$0.23. Co said that it will begin expensing employee stock options in 2006 and that the EPS range of $0.21-$0.23 includes about $0.01 related to this new expense. Co expects Q1 gross margin to be between 43-45%.

Co expects its total LCD glass volume to increase sequentially in the range of 3-8% and pricing for the qtr will be down more significantly than in previous quarters. In its Telecommunications segment, co expects total sales for Q1 to be flat with Q4 sales and its Environmental segment sales to increase by about 5% in Q1.