Ferro Corp. Bottom Line Advances 51% In Q3

(RTTNews) - Ferro Corp. (FOE) revealed earnings for its third quarter that increased from last year.

The company said its bottom line rose to $21.33 million, or $0.24 per share. This was higher than $14.11 million, or $0.16 per share, in last year's third quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.3% to $279.36 million. This was up from $275.75 million last year.

Ferro Corp. earnings at a glance:

-Earnings (Q3): $21.33 Mln. vs. $14.11 Mln. last year. -Earnings Growth (Y-o-Y): 51.2% -EPS (Q3): $0.24 vs. $0.16 last year. -EPS Growth (Y-o-Y): 50.0% -Analysts Estimate: $0.22 -Revenue (Q3): $279.36 Mln vs. $275.75 Mln last year. -Revenue Change (Y-o-Y): 1.3%

-Guidance: Next quarter revenue guidance: $255 - $265 Mln Full year EPS guidance: $0.82 - $0.87