Cowen Cuts Price Target on U.S. Silica (SLCA) Following 3Q

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Go back to Cowen Cuts Price Target on U.S. Silica (SLCA) Following 3Q

U.S. Silica Holdings, Inc. Announces Third Quarter 2015 Results

October 27, 2015 4:30 PM EDT

FREDERICK, Md., Oct. 27, 2015 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) today announced net income of $2.4 million or $0.05 per basic share and $0.04 per diluted share for the third quarter ended Sept. 30, 2015 compared with net income of $41.3 million or $0.77 per basic share and $0.76 per diluted share for the third quarter of 2014. The third quarter earnings per share included a tax benefit of $0.09 per share, which was the result of an update to the estimated annual effective tax rate, excluding discrete items, from 0% to (16)%. Excluding the tax benefit, business development related... More