Seeking Alpha

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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