Haynes International Inc. (HAYN) reported a first-quarter net loss of $1.286 million or $0.11 per share compared to profit of $4.524 million or $0.38 per share last year.
On average, 6 analysts polled by Thomson Reuters expected the company to report a loss of $0.21 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues decreased to $81.008 million from $134.304 million a year ago. Analysts expected revenue of $76.10 million for the quarter.
The company also announced that the Board of Directors declared a regular quarterly cash dividend of $0.20 per outstanding share of the company's common stock. The dividend is payable March 15, 2010 to stockholders of record at the close of business on March 1, 2010.
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