Ferro Corp. Posts Q2 Profit - Quick Facts

(RTTNews) - Ferro Corporation (FOE) Wednesday reported second-quarter profit of $9.96 million or $0.11 per share, compared to a loss of $2.13 million or $0.02 per share in the same period last year.

Earnings from continuing operations totaled $14 million or $0.15 per share, compared to a loss of $5 million or $0.06 per share.

Adjusted earnings for the quarter were $17 million or $0.19 per share. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.16 per share for the quarter. Analysts' estimates typically exclude special items.

Sales decreased to $294 million from $319 million last year. Analysts expected sales of $343.31 million.

Looking ahead to the fiscal 2014, the company currently projects adjusted earnings in the range of $0.52 to $0.57 per share, up from its prior guidance range of $0.48 to $0.53 per share. Analysts currently expect full-year earnings of $0.56 per share.