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Oct 28 (Reuters) - Harsco Corp (HSC.N), which provides products and services to metals producers, posted better-than-expected quarterly results, helped in part by higher sales at its metals business.
For the July-September quarter, net income was $20.17 million, or 25 cents a share, compared with $20.18 million, or 25 cents a share, a year ago.
On an adjusted basis, the company earned 26 cents a share from continuing operations.
Sales at Harsco, with a market value of about $1.90 billion, rose slightly to $752 million.
Analysts on average had expected earnings of 18 cents a share, before special items, on revenue of $737.3 million, according to Thomson Reuters I/B/E/S.
The Harrisburg, Pennsylvania-based company rents and sells concrete-forming equipment, scaffolding and bridge-decking products primarily to firms in the industrial maintenance and non-residential construction industries.
Metals segment sales rose 14 percent to $313 million while mineral and industrial sales rose 2 percent to $115 million.
Shares of the Philadelphia-based company closed at $23.32 Wednesday on the New York Stock Exchange. They have gained 11 percent in value since July 29 when the company slashed its 2010 earnings view.
Source: Reuters
For the July-September quarter, net income was $20.17 million, or 25 cents a share, compared with $20.18 million, or 25 cents a share, a year ago.
On an adjusted basis, the company earned 26 cents a share from continuing operations.
Sales at Harsco, with a market value of about $1.90 billion, rose slightly to $752 million.
Analysts on average had expected earnings of 18 cents a share, before special items, on revenue of $737.3 million, according to Thomson Reuters I/B/E/S.
The Harrisburg, Pennsylvania-based company rents and sells concrete-forming equipment, scaffolding and bridge-decking products primarily to firms in the industrial maintenance and non-residential construction industries.
Metals segment sales rose 14 percent to $313 million while mineral and industrial sales rose 2 percent to $115 million.
Shares of the Philadelphia-based company closed at $23.32 Wednesday on the New York Stock Exchange. They have gained 11 percent in value since July 29 when the company slashed its 2010 earnings view.
Source: Reuters