Thursday, RTI International Metals Inc. (RTI) reported a fourth-quarter net loss of $57.3 million or $1.91 per share, compared to net income of $3.6 million or $0.16 per share in the same quarter last year.
On average, six analysts polled by Thomson Reuters expected the company to earn $0.02 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter declined to $97.3 million from $148.8 million in the comparable quarter last year. Analysts expected the company to report revenue of $94.88 million for the quarter.
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