RTI International Metals (RTI) Tops Q2 EPS by 3c; Settles Suit with Tronox
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RTI International Metals (NYSE: RTI) reported Q2 EPS of $0.07, $0.03 better than the analyst estimate of $0.04. Revenue for the quarter came in at $123.2 million versus the consensus estimate of $122.89 million.
RTI settled a suit with Tronox LLC. Pursuant to the terms of the agreement, RTI will pay Tronox $9.9 million in connection with its take-or-pay obligation. As a result, approximately $1.1 million of prior accruals were reversed.
RTI settled a suit with Tronox LLC. Pursuant to the terms of the agreement, RTI will pay Tronox $9.9 million in connection with its take-or-pay obligation. As a result, approximately $1.1 million of prior accruals were reversed.
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