Global Brass and Copper Holdings Inc (BRSS) Releases Earnings Results, Misses Expectations By $-0.19 EPS

Global Brass and Copper Holdings Inc (BRSS) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.43 earnings per share for the quarter, missing the analyst consensus estimate by $-0.19. Analysts had a consensus of $0.62. The company posted revenue of $337.90 million in the period, compared to analysts expectations of $344.10 million. The company’s revenue was down -18.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

Global Brass and Copper Holdings Inc closed down -0.46 points or -1.65% at $27.39 with 1,45,539 shares getting traded on Tusday. Post opening the session at $27.89, the shares hit an intraday low of $27.27 and an intraday high of $27.9 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on May 28, 2015, Paul Schwind (Corporate Controller) sold 4,428 shares at $17.50 per share price.

Global Brass and Copper Holdings Inc. is a converter fabricator processor and distributor of specialized copper and brass products including a range of sheet strip foil rod tube and fabricated metal component products. The Company operates in three segments: Olin Brass Chase Brass and A.J. Oster. Olin Brass manufactures and converts specialized copper and brass sheet strip and fabricated products. Chase Brass primarily manufactures brass rod including round hexagonal and other shapes ranging from 1/4 inch to 4.5 inches in diameter. A.J. Oster is a processor and distributor of primarily copper and copper-alloy sheet strip and foil operating six strategically-located service centers in the United States Puerto Rico and Mexico. The Company is engaged in metal melting and casting rolling drawing extruding welding and stamping to fabricate finished and semi-finished alloy products from processed scrap copper cathode and other refined metals.

Global Brass and Copper Holdings Inc

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