EMC Inches Up 1.7% on Chief's Comments
Data Storage leader
EMC
(EMC)
was up 1.7% in preopen
Instinet
trading after its CEO,
Michael Ruettgers
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, told
Reuters
he expects a 55% increase in fourth-quarter earnings. That would be well above the 35% gain estimated by
First Call/Thomson Financial
.
Despite Ruettgers' comments, the company said it is not raising its guidance, according to
CNBC
.
