Horsehead Holding Corp. (ZINC), the parent company of Horsehead Corp., reported a consolidated net loss of $3.6 million or $0.10 per share for the third quarter, compared to a net income of $9.4 million or $0.27 per share in the previous year quarter.
On a non-GAAP basis, net income for the quarter were $0.5 million or $0.01 per share, in comparison with a net loss of $1.4 million or $0.04 per share in the prior year quarter. On average, 5 analysts polled by Thomson Reuters expected the company to report a loss of $0.07 per share for the quarter.
Quarterly net sales fell to $60.3 million from $109.2 million in the same quarter a year-ago. Analysts expected revenue of $64.14 million for the quarter.
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