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People & Business :: Earnings/Finance
Ferro's fourth-quarter loss widens
12:49 PM MST | March 5, 2013 | Rebecca Coons
Beleaguered solar markets continue to drag on Ferro's financial results, with the company reporting a deeper quarter loss year-on-year just a day after rejecting a takeover bid from A. Schulman. Ferro reported a net loss of $64 million for the fourth-quarter ended 31 December 2012, compared with a net loss of $61 million in the year ago quarter. Adjusted net loss of 7 cts/share fell short a consensus of analysts' estimates of a loss of 4 cts/share, as reported by Thomson Reuters (New York). Sales fell across all 6 of Ferro's business segments, driving an...
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