Ferroglobe (GSM) Q1 Earnings Beat Estimates, Revenues Dip Y/Y
Ferroglobe(GSM) Zacks Investment Research·2024-05-16 01:26
Ferroglobe PLC (GSM) reported break-even adjusted earnings in the first quarter of 2024, beating the Zacks Consensus Estimate of a loss of 2 cents. The company posted earnings per share of 5 cents in the year-ago quarter.Including one-time items, GSM reported a loss of 1 cent per share in the quarter under review against earnings of 11 cents per share in the year-ago quarter.GSM’s revenues fell 2.2% year over year to $392 million in the quarter under review, owing to lower pricing in silicon metal and silic ...