Universal Stainless & Alloy (USAP) Tops Q2 Consensus; Revenues Light
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Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) reports a Q2 loss of $0.06 vs. consensus for $0.15 loss. Revenues were $30.8 million vs. $37.10 million consensus.
(The Company reported a net loss of $400,000 or $0.06 per share in the second quarter of 2009 that included a tax adjustment of $742,000, equivalent to $0.11 per share, primarily for the reconciliation of tax balances to the 2008 federal and state income tax returns to be filed in the third quarter of 2009. Without this adjustment, net income in the second quarter of 2009 would have been $342,000, or $0.05 per diluted share)
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