A.M. Castle (CAS) Misses Q3 EPS by 5c

November 1, 2011 7:06 AM EDT
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Price: $26.76 -0.34%

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A.M. Castle (NYSE: CAS) reported Q3 EPS of $0.16, $0.05 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $294.9 million versus the consensus estimate of $283.65 million.

Cost of materials for the third quarter of 2011 include a $1.6 million charge for unrealized losses associated with the mark-to-market adjustment for commodity hedges.


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