EMC Inches Up 1.7% on Chief's Comments - TheStreet

EMC Inches Up 1.7% on Chief's Comments

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Data Storage leader

EMC

(EMC)

was up 1.7% in preopen

Instinet

trading after its CEO,

Michael Ruettgers

, 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

.