- 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.
Castle -4% AH on expectations of wider Q3 loss
Oct 8 2013, 18:20 ET