Ferro's fourth-quarter loss widens

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...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers