Ascent Industries (ACNT) Reports Q1 Loss, Tops Revenue Estimates

Ascent Industries (ACNT) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.36. This compares to loss of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.89%. A quarter ago, it was expected that this maker of stainless steel pipe, storage tanks and specialty chemicals would post a loss of $0.08 per share when it actually produced a loss of $0.73, delivering a surprise ...