Monday, Jun 25, 2018
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O-I stocks fall after news of failure to reach goal

Owens-Illinois Inc., which Thursday said it would not achieve its projected annual profit goal, had its stock price tumble in the first day of trading yesterday.

The Toledo glass-container maker s stock fell $1.47, or 6 percent, to close at $22.20 a share on the New York Stock Exchange, with nearly 11 million shares traded, or 12 times usual volume.

The firm said after the stock exchange closed on Thursday that it would not meet the forecasted $1.76 to $2-a-share profit for 2005. It did not say what its new forecast was, except that it would make more than last year.

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