Globe Specialty Metals (GSM) Reports Q1 Loss, Misses Revenue Estimates

Globe Specialty Metals (GSM) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -66.67%. A quarter ago, it was expected that this producer of silicon metal and silicon-based alloys would post earnings of $0.01 per share when it actually produced earnings of $0.03, delivering a surprise of ...