Ferro Corp. Reports 8% Fall In Q1 Profit

(RTTNews) - Ferro Corp. (FOE) revealed earnings for first quarter that retreated from last year.

The company said its profit came in at $18.44 million, or $0.22 per share. This was lower than $19.97 million, or $0.23 per share, in last year's first quarter.

Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.6% to $277.45 million. This was up from $262.77 million last year.

Ferro Corp. earnings at a glance:

-Earnings (Q1): $18.44 Mln. vs. $19.97 Mln. last year. -Earnings Decline (Y-o-Y): -7.7% -EPS (Q1): $0.22 vs. $0.23 last year. -EPS Decline (Y-o-Y): -4.3% -Analysts Estimate: $0.21 -Revenue (Q1): $277.45 Mln vs. $262.77 Mln last year. -Revenue Change (Y-o-Y): 5.6%

-Guidance: Full year EPS guidance: $0.93 - $0.98