NEW YORK (Thomson Financial) - Harsco Corp. Wednesday said third-quarter
earnings rose 30% to $70.3 million, or 83 cents, from $54.2 million, or 64
cents, from the same period last year.
Third-quarter sales rose 20% to $927 million from $773 million in the
previous year.
Third-quarter results topped the mean estimate of analysts polled by Thomson
Financial for earnings of 80 cents a share and sales of $910 million.
"With a significant proportion of Harsco's revenues, earnings and cash flows
generated outside of North America, we believe our growth will continue into
2008 and beyond," the company said.
Harsco raised its fiscal 2007 earnings guidance to $2.93 to $2.97 a share
from a previously forecast range of $2.90 to $2.95 a share.
Analysts expect fiscal 2007 earnings of $2.96 a share and revenue of $3.6
billion.
Shares of the Camp Hill, Pa.-based industrial services and engineered
products company closed Tuesday at $60.11.
Melinda Peer
mp/pc
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|