Haynes International, Inc. (HAYN) Misses Q3 EPS by 7c
Haynes International, Inc. (NASDAQ: HAYN) reported Q3 EPS of $1.04, $0.07 worse than the analyst estimate of $1.11. Revenue for the quarter came in at $150.3 million versus the consensus estimate of $143.9 million.
Outlook
As with the Company's past first quarter periods, the first quarter performance of fiscal 2013 is expected to be impacted by a reduced number of production and shipment days available due to holidays, vacations and maintenance projects. The Company anticipates the net income of the first quarter of fiscal 2013 to be similar to the first quarter of fiscal 2012; however, net income could be lower due to customers tightly controlling their inventories and continued uncertainty in the global economic outlook. See "Overview of Markets" for comments on trends of markets for fiscal 2013 included in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2012.
For earnings history and earnings-related data on Haynes International, Inc. (HAYN) click here.
Outlook
As with the Company's past first quarter periods, the first quarter performance of fiscal 2013 is expected to be impacted by a reduced number of production and shipment days available due to holidays, vacations and maintenance projects. The Company anticipates the net income of the first quarter of fiscal 2013 to be similar to the first quarter of fiscal 2012; however, net income could be lower due to customers tightly controlling their inventories and continued uncertainty in the global economic outlook. See "Overview of Markets" for comments on trends of markets for fiscal 2013 included in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2012.
For earnings history and earnings-related data on Haynes International, Inc. (HAYN) click here.