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Thursday, November 05, 2009
Titanium Metals Posts Lower Profit
By MarketWatch
MarketWatch Pulse
NEW YORK -- Titanium Metals Corp. said Thursday that its third-quarter net income fell to $40 million, or 1 cent a share, from $1 billion, or 22 cents a share, in the prior-year period. On average, analysts polled by FactSet Research expected the Dallas-based titanium metal-products company to earn 4 cents a share. The company said that net sales fell 39% to $181 million from $295 million last year.
Copyright © 2009 MarketWatch, Inc.
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