logo
Share SHARE
FONT-SIZE Plus   Neg

China Armco Metals Q4 Loss Narrows

China Armco Metals Inc. (CNAM) Friday reported fourth-quarter net loss of $1.51 million or $0.10 per share, compared to $1.6 million or $0.11 per share last year.

Sales for the quarter declined 61 percent to $9.46 million from $24.5 million last year, due mainly to the sharp price changes and market uncertainty. Gross margin, or percentage of sales left after deducting production cost, increased to 5.5 percent from 3.1 percent last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Netflix Inc. (NFLX), Monday gained over 8 percent in extended trading session after the online-video streaming service reported a fourth-quarter profit that trumped analysts estimates, driven largely by higher-than-expected subscriber additions both domestically and internationally. Netflix... American Airlines (AAL) Wednesday announced that it has launched a new Basic Economy fares. The basic economy fares will go on sale in February in 10 markets, with the fares to be expanded to other additional markets later this year. However, not every American Airlines flight will offer basic economy... Chuck E. Cheese pizza and arcade chain's parent company is planning for an IPO, reported Reuters. The public offering would be probably in the second half of 2017. According to the report, the chain has initiated discussions with banks, however has not yet hired any underwriters. The offering would help the restaurant chain for a valuation of around $1 billion.
comments powered by Disqus
Follow RTT