logo
Plus   Neg
Share
Email

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Airbnb has introduced few new rules to control parties and nuisances amidst the backlash the service received after the Halloween shooting at an Airbnb rental in a San Francisco. San Francisco-based Airbnb said it is banning "open invite" parties at all of its accommodations. The company is also banning... The U.S. Food and Drug Administration has approved three generic versions of Novartis' Gilenya capsule for treating relapsing forms of multiple sclerosis. "Approving safe and effective generics so patients have more treatment options continues to be a priority for the FDA," said Janet Woodcock, director... Shares of Upscale furniture chain RH (RH) are on a tear, on the heels of an upbeat annual forecast. Today, the stock set a new all-time high of $239.88.The stock is up more than 20% from its Dec 3 opening price of $196.66, and currently trading at $237.8, and nearly three-times its 52-week low of $84.11....
RELATED NEWS
Follow RTT
>