Sealed Air Lowers Guidance, Blames Foot-and-Mouth, Mad Cow Worries

Sealed Air (SEE Quote) expects to miss Wall Street's first-quarter earnings estimates, as outbreaks of foot-and-mouth and mad cow diseases in parts of Europe have bogged down revenue.

The maker of protective and specialty packaging materials for food said it expects earnings to check in at 35 cents to 40 cents a share in the quarter. Eight analysts polled by Thomson Financial/First Call are calling for the company to earn 47 cents. The company earned 48 cents in the year-ago period. ...