Castle -4% AH on expectations of wider Q3 loss


A.M. Castle (CAS) expects a Q3 loss of $0.28-$0.32 vs. a -$0.11 consensus estimate and revenues of $250M-$255M vs. $277M consensus, due to continued weakness from key end markets.

CAS cites challenging industry conditions and overall softness in market selling prices as factors in lower sales and earnings levels for the quarter.

Shares -4.1% AH.

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