Harsco: Q1 Earnings Snapshot
CAMP HILL, Pa. (AP) _ Harsco Corp. (HSC) on Tuesday reported first-quarter net income of $135,000.
On a per-share basis, the Camp Hill, Pennsylvania-based company said it had net income of less than 1 cent. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 15 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The industrial services company posted revenue of $528.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $524.8 million.
Harsco shares have climbed nearly 5% since the beginning of the year. The stock has more than doubled in the last 12 months.