GRAFTECH INTERNATIONAL LTD (EAF) announced Loss for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled -$30.87 million, or -$0.12 per share. This compares with -$7.37 million, or -$0.03 per share, in last year's first quarter.
Excluding items, GRAFTECH INTERNATIONAL LTD reported adjusted earnings of -$25.16 million or -$0.10 per share for the period.
Analysts on average had expected the company to earn -$0.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 1.6% to $136.58 million from $138.80 million last year.
GRAFTECH INTERNATIONAL LTD earnings at a glance (GAAP) :
-Earnings (Q1): -$30.87 Mln. vs. -$7.37 Mln. last year.
-EPS (Q1): -$0.12 vs. -$0.03 last year.
-Revenue (Q1): $136.58 Mln vs. $138.80 Mln last year.
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