Ferro Earnings: Here’s Why Investors are Selling Shares Now
Ferro Corp. (NYSE:FOE) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.6%.
Ferro Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.02 in the quarter versus EPS of $0.05 in the year-earlier quarter.
Revenue: Decreased 9.57% to $435.45 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Ferro Corp. reported adjusted EPS loss of $0.02 per share. By that measure, the company missed the mean analyst estimate of $0.11. It missed the average revenue estimate of $444.44 million.
Key Stats (on next page)…