Ferro Corp. Q2 Earnings Rise 66%

(RTTNews) - Ferro Corp. (FOE) released a profit for its second quarter that rose from last year.

The company said its bottom line totaled $28.87 million, or $0.34 per share. This was higher than $17.34 million, or $0.20 per share, in last year's second quarter.

Analysts had expected the company to earn $0.27 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.1% to $297.98 million. This was up from $268.21 million last year.

Ferro Corp. earnings at a glance:

-Earnings (Q2): $28.87 Mln. vs. $17.34 Mln. last year. -Earnings Growth (Y-o-Y): 66.5% -EPS (Q2): $0.34 vs. $0.20 last year. -EPS Growth (Y-o-Y): 70.0% -Analysts Estimate: $0.27 -Revenue (Q2): $297.98 Mln vs. $268.21 Mln last year. -Revenue Change (Y-o-Y): 11.1%

-Guidance: Full year EPS guidance: $1.00 - $1.05