Libbey: Poor sales

Glassware maker Libbey Incorporated said Monday that poor sales and high natural gas costs will drop earnings per share to between 13 and 15 cents for the first quarter.

The company had expected earnings between 22 and 27 cents per share for the quarter that ended March 31st. Toledo-based Libbey, the nation's largest glassware manufacturer, says sales to retail and foodservice clients were hurt by reduced consumer spending and lower travel and entertainment spending.

Libbey will announce its earnings for the first quarter of 2003 on April 24th.

600450 Libbey: Poor sales
Date: 16 April 2003

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