Graftech International Ltd (EAF) said before open Friday that it broke even in quarter three 2023.
In the same quarter a year ago, the company earned $0.37 per share on revenue of $303.8 million.
The stock is down 10.91% to $3.02 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
Wall Street Analysts had an average rating of Hold on the stock prior to the report.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 27. Meanwhile, the average Wall Street analyst rated the stock a Hold.
GrafTech International Ltd is a producer of specialized graphite electrodes. The electrode is an essential part of the electric arc furnace process used in aluminum smelters and steel minimills. The company operates into one reporting segment namely Industrial Materials. Industrial Materials segment manufactures high-quality graphite electrodes essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. It offers graphite electrodes and needle coke products.
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Graftech International Ltd Down 10.91% To $3.02 After Earnings
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