Globe Specialty Metals (GSM) Q3 Earnings and Revenues Miss Estimates

Globe Specialty Metals (GSM) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -47.62%. A quarter ago, it was expected that this producer of silicon metal and silicon-based alloys would post earnings of $0.08 per share when it actually produced earnings of $0.13, delivering a surprise o ...