Ferro (FOE) got here out with quarterly earnings of $0.17 per share, lacking the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.33 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -39.29%. 1 / 4 in the past, it was anticipated that this specialty chemical substances maker would publish earnings of $0.29 per share when it truly produced earnings of $0.35, delivering a shock of 20.69%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
Ferro, which belongs to the Zacks Chemical – Specialty trade, posted revenues of $245.86 million for the quarter ended December 2019, lacking the Zacks Consensus Estimate by 31.10%. This compares to year-ago revenues of $395.47 million. The corporate has not been capable of beat consensus income estimates over the past 4 quarters.
The sustainability of the…