AP NEWS

Globe Specialty Metals: 3Q Earnings Snapshot

November 26, 2018

MIAMI (AP) _ Globe Specialty Metals Inc. (GSM) on Monday reported a loss of $1.2 million in its third quarter.

On a per-share basis, the Miami-based company said it had a loss of 1 cent. Earnings, adjusted for pretax expenses, came to less than 1 cent on a per-share basis.

The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The producer of silicon metal and silicon-based alloys posted revenue of $526.8 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $564 million.

In the final minutes of trading on Monday, the company’s shares hit $4.77. A year ago, they were trading at $16.27.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSM at https://www.zacks.com/ap/GSM

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