Ferro (FOE) got here out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Es
Ferro (FOE) got here out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.37 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 20.69%. 1 / 4 in the past, it was anticipated that this specialty chemical substances maker would put up earnings of $0.33 per share when it really produced earnings of $0.35, delivering a shock of 6.06%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
Ferro, which belongs to the Zacks Chemical – Specialty business, posted revenues of $365.73 million for the quarter ended September 2019, lacking the Zacks Consensus Estimate by 1.51%. This compares to year-ago revenues of $395.16 million. The corporate has topped consensus income estimates simply as soon as over the past 4 quarters.
The sustainability of the inventory’s rapid worth motion primarily based on the recently-released…