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04.04.2014 23:57:48
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Armco Metals Holdings Slips To Loss In Q4 - Quick Facts
(RTTNews) - Armco Metals Holdings, Inc. (AMCO) posted fourth-quarter net loss of $0.4 million or $0.01 per share, compared to net income of $0.6 million or $0.03 per share in the comparable quarter last year.
Income from operations declined to $0.4 million from $1.75 million last year.
Sales for the latest fourth quarter were $66.2 million, up 74% from $38.0 million in the prior year quarter, due to a significant increase in sales in the metal trading business which totaled $40.0 million as compared to $1.1 million in the same period in 2012.
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