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Thursday, October 29, 2009
Harsco Profit Halved
By Darryl R. Isherwood
FOXBusiness
Harsco Corp., (HSC) which provides products and services to metals producers, reported quarterly profits less than half of what they were a year ago.
The company was hurt by a charge and by lower global steel production.
Income from continuing operations was $35.1 million, or 40 cents per share, in the third quarter, down from $85.5 million, or 99 cents per share, one year ago.
Total revenue dropped 29% to $744.2 million. Analysts predicted earnings of 47 cents per share on revenue of $789.1 million.
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