Titanium Metals Corp. (TIE) Stock Sinks
Titanium Metals Corp. (NYSE:TIE - News) shares sank 7% after the company reported third-quarter net earnings of $54.2 million, up 49% from $36.3 million during the same period a year ago. Income attributable to common shareholders was $52.7 million, or 29 cents a share, compared with $33.4 million, or 20 cents a share, a year ago. The Dallas-based producer of titanium metal products posted revenue of $271.8 million vs. $190 million. Additionally, the company said it expects 2006 operating income of $350 million to $365 million and revenue of $1.1 billion to $1.2 billion.
posted by Stock Administrator @ 11:19 PM
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