Ceradyne, Inc. (CRDN) reported third quarter net income of $4.94 million or $0.19 per share, compared to $18.82 million or $0.71 per share last year.
On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $0.28 per share. Analysts' estimates typically exclude special items.
Sales for the third quarter 2009 were $107.95 million, compared with $167.75 million in third quarter 2008. Eight analysts estimated revenues of $109.98 million.
The Company is adjusting its guidance for the full fiscal year 2009 from $.70 per share to approximately $.60 per share and from sales of $420 to $440 million to sales of $410 to $415 million.
Analysts expect the company to earn $0.65 per share, on revenues of $419.04 million.
Further, the company said it is establishing a wide range for its initial guidance for 2010.
The company expects sales range from $380 million to $430 million and earnings range from $0.60 to $1.05 per share.
Analysts expect the company to earn $1.08 per share, on revenues of $420.53 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.