Ferro Corp. Reports 8% Advance In Q3 Profit

(RTTNews) - Ferro Corp. (FOE) reported earnings for its third quarter that gained ground compared to the same period last year.

The company said its bottom line rose to $22.96 million, or $0.27 per share. This was up from $21.34 million, or $0.24 per share, in last year's third 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 3.3% to $288.53 million. This was up from $279.37 million last year.

Ferro Corp. earnings at a glance:

-Earnings (Q3): $22.96 Mln. vs. $21.34 Mln. last year. -Earnings Growth (Y-o-Y): 7.6% -EPS (Q3): $0.27 vs. $0.24 last year. -EPS Growth (Y-o-Y): 12.5% -Analysts Estimate: $0.27 -Revenue (Q3): $288.53 Mln vs. $279.37 Mln last year. -Revenue Change (Y-o-Y): 3.3%

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