Kronos Worldwide Inc. announced that it expects to report net sales for the fourth quarter of 2012 of $397.8 million compared to net sales of $437.4 million in the fourth quarter of 2011. The decrease in net sales is primarily due to a 14% decrease in average TiO2 selling prices, partially offset by a 6% increase in sales volumes, which increased from 97,000 metric tons in the fourth quarter of 2011 to 102,000 metric tons in the fourth quarter of 2012. The company expects to report a net loss of $14.4 million, or $0.12 per share, compared to net income of $85.8 million, or $0.74 per share a year ago. The company also expects to report pre-tax securities transaction loss of approximately $3.9 million related to the sale of its shares of Titanium Metals Corporation common stock pursuant to a tender offer for any and all of TIMET's outstanding shares.
Real-time Estimate
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5-day change | 1st Jan Change | ||
13.8 USD | +0.18% | -1.68% | +38.38% |
05-28 | KRONOS WORLDWIDE SHARES UP 8.4% AFTER DEUTSCHE BANK RAISES TARGE… | RE |
05-28 | Deutsche Bank Adjusts Price Target on Kronos Worldwide to $15 From $12, Maintains Buy Rating | MT |
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+38.38% | 1.58B | |
+4.63% | 104B | |
-10.06% | 60.79B | |
+82.86% | 51.13B | |
+14.68% | 38.21B | |
-0.50% | 30.75B | |
+10.00% | 19.83B | |
+10.56% | 16.5B | |
+7.90% | 13.82B | |
-2.61% | 13.33B |
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