GrafTech International Earnings: Here’s Why Investors are Excited Now
GrafTech International Ltd. (NYSE:GTI) delivered a profit and beat Wall Street’s expectations, BUT 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 up 3.65%.
GrafTech International Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 75% to $0.03 in the quarter versus EPS of $0.12 in the year-earlier quarter.
Revenue: Rose 5.42% to $254 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: GrafTech International Ltd. reported adjusted EPS income of $0.03 per share. By that measure, the company beat the mean analyst estimate of $0.01. It missed the average revenue estimate of $277.64 million.
Quoting Management: Craig Shular, Chief Executive Officer of GrafTech, commented, “Supported by a solid balance sheet, GrafTech is well positioned as the industry’s low cost and vertically integrated producer to confront this challenging environment. Our team is driven by continuous improvement, providing premier solutions and service to our customers and proactively managing costs within our control.”
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