Resource: RTTNews
Calgon Carbon Corp. (CCC: Quote) announced that it expects to report a loss for the third quarter of 2012. This result is primarily due to charges associated with the company's previously announced cost reduction program, including severance and an impairment charge for the permanent closure of its activated carbon manufacturing facility in Datong, China.
The company stated that sales in the third quarter which are expected to be about $135 million were adversely affected by reduced utilization of activated carbon for the mercury removal market and delays in deliveries of activated carbon for the municipal and wastewater markets.
Analysts polled by Thomson Reuters currently expect the company to earn $0.16 per share on revenue of $144.97 million for the third quarter. Analysts' estimates typically exclude special items.
Analysts polled by Thomson Reuters currently expect the company to earn $0.16 per share on revenue of $144.97 million for the third quarter. Analysts' estimates typically exclude special items.
RSS Feed
