Globe Specialty Metals (GSM) reported late Thursday that for Q3, or the quarter ended March 31, 2014, earnings matched analysts’ estimates, and revenue came in better than expected.
Shares are down 0.77% at $18.98, with a 52-week range of $10.57 – $22.00.
The producer of silicon metal and silicon-based alloys reported Q1 earnings of $1.56 million or $0.02 per share, compared with the prior-year period’s loss of $40.14 million or a $0.53 loss per share. Adjusted earnings were $0.14 per share, compared with breakeven in the same quarter the previous year. Revenue was $196.1 million, from $195.85 million in the same quarter last year.
Analysts polled by Capital IQ were expecting EPS of $0.14 on revenues of $191.68 million.
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