Fushi Copperweld, Inc. (FSIN) reported third quarter net income of $9.19 million, compared to $9.05 million last year. Earnings per share were $0.31, flat with the year ago quarter.
Adjusted Non-GAAP net income was $7.53 million, compared to $9.4 million in the prior year quarter. Adjusted Non-GAAP earnings per share were $0.26, compared to $0.33 a year earlier.
On average, 3 analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share, on revenues of $55.37 million. Analysts' estimates typically exclude special items.
Revenues were $47.7 million compared to $63.8 million in the third quarter of the prior year.
In the 2009 fourth quarter, the Company expects adjusted earnings per share before the impact of non-cash expense related to stock- based compensation between $0.26 and $0.30 based on an estimated weighted average diluted share count of approximately 29.4 million shares.
Analysts expect the company to earn $0.29 per share.
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