UPDATE: Quanex Posts FQ2 Loss

Quanex Building Products Corp

reported a wider fiscal second-quarter loss. Quanex posted a quarterly loss of $12.3 million, or $0.34 per share, versus a year-earlier loss of $1.39 million, or $0.04 per share. Its revenue dropped 4.3% to $194.4 million. However, analysts were expecting a loss of $0.08 per share on revenue of $201 million. Its gross margin dropped to 11.6% from 13.6%. Sales of engineered products surged 32% to $108.8 million. Quanex shares gained 1.69% to $16.22 at 9:35 am.