NEW YORK (Thomson Financial) - Accuride Corp. Thursday reported a
first-quarter net loss of $11.7 million, or 33 cents a share, including charges
of 23 cents a share related to unrealized losses of mark-to-market of interest
rate swaps and a labor interruption.
The mean estimate of analysts polled by Thomson Reuters was for earnings of
1 cent a share.
Sales for the Evansville, Ind.-based manufacturer of vehicle components fell
27% to $238.2 million, above the $229.3 million analyst estimate. The company
said sales fell partly on a decline in North American Class 8 truck production.
In the year-ago period, the company posted a loss of $1.9 million, or 5
cents a share, on sales of $325.4 million.
Shares of Accuride closed Wednesday at $8.04. The stock is down about 47%
over the past 52 weeks.
Ryan Vlastelica
rv/pc
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