2 Winners and 2 Losers from This Week’s Earnings Storm
Ferro Corp. (NYSE:FOE) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. Adjusted Earnings Per Share increased to $-0.07 in the quarter versus EPS of $-0.08 in the year-earlier quarter. Revenue Decreased 8.31% to $405.9 million from the year-earlier quarter.
Ferro Corp. reported adjusted EPS loss of $0.07 per share. By that measure, the company missed the mean analyst estimate of $-0.04. It beat the average revenue estimate of $392.5 million.