Ferro Corp. Q2 adjusted earnings Beat Estimates

(RTTNews) - Ferro Corp. (FOE) revealed a profit for second quarter that declined from the same period last year.

The company's earnings came in at $10.87 million, or $0.13 per share. This compares with $29.67 million, or $0.35 per share, in last year's second quarter.

Excluding items, Ferro Corp. reported adjusted earnings of $28.61 million or $0.35 per share for the period.

Analysts had expected the company to earn $0.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.4% to $393.90 million from $416.24 million last year.

Ferro Corp. earnings at a glance:

-Earnings (Q2): $28.61 Mln. vs. $37.28 Mln. last year. -EPS (Q2): $0.35 vs. $0.44 last year. -Analysts Estimate: $0.33 -Revenue (Q2): $393.90 Mln vs. $416.24 Mln last year.