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Myers Surges on Positive Guidance

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April 13, 2009 |Comments: 0
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MYE

Myers Industries Inc. (MYE) surged about 19% today on volume of approximately 351,000, compared to average volume of about 137,000.

The company announced late on Thursday that it expects first-quarter earnings between 21 and 24 cents, well above the enhanced consensus estimate of 9 cents for the quarter.

Myers will announce quarterly earnings on Apr 16.

Analysts, however, have adopted a wait-and-see approach on the company as the consensus estimate for the full-year has remained stagnant at 50 cents a share over the past 30 days.

MYE is a Zacks #2 Rank ("Buy") stock.

Read the full analyst report on MYE

 
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