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27.07.2017 00:13:28

Ferro Corp. Announces 8% Rise In Q2 Bottom Line

(RTTNews) - Ferro Corp. (FOE) reported a profit for its second quarter that rose compared to the same period last year.

The company said its bottom line advanced to $31.21 million, or $0.37 per share. This was higher than $28.87 million, or $0.34 per share, in last year's second quarter.

Analysts had expected the company to earn $0.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 17.0% to $348.63 million. This was up from $297.98 million last year.

Ferro Corp. earnings at a glance:

-Earnings (Q2): $31.21 Mln. vs. $28.87 Mln. last year. -Earnings Growth (Y-o-Y): 8.1% -EPS (Q2): $0.37 vs. $0.34 last year. -EPS Growth (Y-o-Y): 8.8% -Analysts Estimate: $0.33 -Revenue (Q2): $348.63 Mln vs. $297.98 Mln last year. -Revenue Change (Y-o-Y): 17.0%

-Guidance: Full year EPS guidance: $1.22 - $1.27

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