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Harsco Q3 Results Beat View; Lifts FY18 Earnings Outlook - Quick Facts

Harsco Corp. (HSC) on Wednesday reported third-quarter attributable net income of $32.85 million or $0.39 per share from $13.30 million or $0.16 per share in the year-ago period.

Adjusted earnings per share from continuing operations were $0.40, compared to $0.20 pert share in the same period last year.

Revenues for the quarter increased 16 percent to $445.48 million from $384.65 million in the year-ago period.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.36 per share for the quarter on revenues of $441.87 million. Analysts' estimates typically exclude special items.

Looking ahead to the fourth quarter, the company forecast reported and adjusted earnings per share from continuing operations of $0.26 to $0.31. Analysts expect the company to earn $0.30 per share.

For fiscal 2018, Harsco now forecasts earnings per share from continuing operations in a range of $1.35 to $1.40, compared to a range of $1.31 to $1.39 per share previously.

The company now forecasts adjusted earnings per share from continuing operations of $1.24 to $1.29, compared to a range of $1.19 to $1.27 per share previously.

The Street expects earnings of $1.24 per share for the year.

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