Industrial services outsourcing firm TMS International (TMS +9.9%) pops after its Q3 handily...

|About: TMS International (TMS)|By:, SA News Editor

Industrial services outsourcing firm TMS International (TMS +9.9%) pops after its Q3 handily beats estimates. Revenue jumped 19% Y/Y, despite higher raw material costs. Gross margins dipped to 24.6% compared to 25.9%, due in part to new contracts in start-up mode, increased overhead expenses and higher fuel costs. The company reaffirms guidance for FY11 in the range of $133M - $137M.