A.M. Castle & Co. (CAS) Thursday posted a wider fourth-quarter loss of $12.0 million, or a loss of $0.52 per share, compared to last year's loss of $1.5 million, or a loss of $0.07 per share. Adjusted earnings in the recent quarter were $784 thousand, or $0.03 per share.
Four analysts polled by Thomson Reuters estimated earnings of $0.12 per share. Analysts' estimates usually exclude special items.
Quarterly net sales jumped to $282.2 million from $235.6 million, with the Metals segment sales rising 20.4 percent and the Plastics segment registering a 14.1 percent revenue growth. Four analysts polled by Thomson Reuters estimated revenues of $270.58 million.
by RTT Staff Writer
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