A.M. Castle & Co. beats Q4 expectations
Shares of A. M. Castle & Co. (NYSE: CAS) are higher on news before the start of trading that the distributor of specialty metals and plastics beat Wall Street’s fourth-quarter profit expectations. The Franklin Park, Ill.-based company reported that net income for the three months ended Dec. 31, 2007, was $6.7 million, or $0.29 per share, above the projected $0.27 per share.
At 10:57 a.m. ET, the stock was up $2.10, or 11%, to $21.43. For detailed price information and recent news stories about A. M. Castle, click CAS.
