Amcol International Swings To Loss, Reports Mixed Results (ACO)
January 28, 2011 8:20 AM
Hoffman Estates, Illinois-based Amcol International Corporation (NYSE: ACO) on Friday morning released financial results that missed Wall Street earnings expectations, while beating revenue estimates.
Amcol International Corporation reported a 4th quarter net loss attributable to shareholders of $9.3 million, or 30 cents per share, compared to net income of $11.2 million, or 36 cents per share, a year earlier.
Excluding special items, the company earned 21 cents per share.
Amcol International Corporation reported revenue of $223.42 million, up 26.4% from $176.7 million a year earlier.
A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 38 cents per share, on revenue of $213.37 million.
Amcol International Corporation (ACO) ended the previous trading session at $32.27 per share. Analysts covering the company's stock have a consensus price target of $35.00 per share.
Amcol International Corporation produces and markets a wide range of specialty mineral products used for industrial, environmental and consumer-related applications.
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