GrafTech International Ltd. (GTI) said its third-quarter net income was $6.86 million or $0.06 per share, while net income before special items amounted to $18.46 million or $0.15 per share.
On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.06 for the quarter. Analysts' estimate typically excludes one-time items.
Net sales for the third quarter were $164.88 million. Five analysts estimated revenues of $162.12 million for the quarter. Operating income for the full year 2009 is now targeted to be in the range of $80 million - $85 million compared with its prior range of $60 million - $70 million.
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