People & Business :: Companies
Ferro Posts Second-Quarter Loss
10:34 AM MDT | August 5, 2009 | Vincent Valk
Ferro recorded a loss of $11.1 million, or 27 cts/share, for the second-quarter, compared with income of $8.2 million, or 17 cts/share, in the year-ago period. The company's loss declined from the first-quarter, when it totaled $19.7 million, or 46 cts/share. The second-quarter loss included a charge of $6.4 million resulting from manufacturing and cost reductions. Second-quarter sales totaled $399 million, a 37% drop from the second-quarter of 2008. However, sales rose by 12% from the first quarter of this year, with the largest increases coming in Asia and...
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