Ferro beats estimates as quarterly demand improvement beats expectations

Ferro beats estimates as quarterly demand improvement beats expectations
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

20.11.2020

MOSCOW (MRC) -- Ferro has reported third-quarter net income up 12.9% year-on-year (YOY), to USD14.5 million, on net sales down 1.4%, to USD241.9 million, reported Chemweek. Adjusted earnings totaled 19 cents/share, beating analysts' consensus estimate of 15 cents/share, as reported by Refinitiv (New York, New York). Sales were up 18.1% on a sequential basis from the second-quarter, exceed

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