Ampco-Pittsburgh Corporation (NYSE:AP) manufacturer of custom designed engineering products, is expected to report third quarter earnings results, after market close, on Monday 16th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.06 per share.
Looking ahead, the full year income are expected at $ 0.50 per share on the revenues of $ 335.20 million.
Previous Quarter Performance
Ampco-Pittsburgh Corporation communicated income for the second quarter of $ 0.05 per share, from the revenue of $ 74.78 million. Street analysts expected Ampco-Pittsburgh Corporation to report loss of $ 0.48 per share on revenue of $ 72.10 million for the second quarter. The bottom line results beat street analysts by $ 0.53 or 110.42 percent, at the same time, top line results outshined analysts by $ 2.68 million or 3.72 percent.
Stock Performance
On Friday, shares of Ampco-Pittsburgh Corporation has traded high as $ 4.15 and has cracked $ 3.99 on the downward trend, reaching $ 4.05 with volume of 50.00 thousand shares.
According to the previous trading day, closing price of $ 4.05, representing a 110.82 % increase from the 52 week low of $ 1.94 and a 21.8 % decrease over the 52 week high of $ 5.23.
The company has a market capital of $ 74.15 million and is part of the Industrials sector and Diversified Industrials industry.
Ampco-Pittsburgh Corporation, together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users in the United States and internationally. The company operates in two segments, Forged and Cast Engineered Products; and Air and Liquid Processing. The Forged and Cast Engineered Products segment produces forged hardened steel rolls that are used in rolling mills by producers of steel, aluminum, and other metals; ingot and open-die forged products for use in the oil and gas, and the aluminum and plastic extrusion industries; and cast rolls for hot and cold strip mills, medium/heavy section mills, hot strip finishing, roughing mills, and plate mills in various iron and steel qualities.
