Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Ferro Corp. Posts Q3 Profit - Quick Facts

RELATED NEWS
Trade FOE now with 

Ferro Corp. (FOE: Quote) Wednesday reported third-quarter profit of $12.7 million or $0.15 per share, compared to a loss of $316.1 million or $3.66 per share in the same period last year.

Adjusted earnings from continuing operations totaled $12.5 million or $0.14 per share. On average, nine analysts polled by Thomson Reuters expected the company to earn $0.10 per share for the quarter. Analysts' estimates typically exclude special items.

Sales dropped to $408.1 million from $408.9 million last year. Analysts expected sales of $399.19 million.

Looking ahead to the fourth-quarter, the company has forecast adjusted earnings in the range of $0.04 to $0.07 per share. Analysts currently expect fourth-quarter earnings of $0.05 per share.

For the fiscal 2013, the company has raised its adjusted earnings outlook to a range of $0.42 to $0.45 per share from its previous guidance range of $0.35 to $0.40 per share. Analysts currently expect full-year earnings of $0.39 per share.

Click here to receive FREE breaking news email alerts for Ferro Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.