Titanium Metals Reaffirmed Neutral
We are reaffirming our Neutral recommendation on Titanium Metals Corporation (NYSE:TIE) following its mixed first-quarter 2012 results. Its earnings of 15 cents a share narrowly missed the Zacks Consensus Estimate. Revenues rose 10% year over year to $276.7 million, beating the Zacks Consensus Estimate. Sales were boosted by healthy demand for titanium products in the [...]
We are reaffirming our Neutral recommendation on Titanium Metals Corporation (NYSE:TIE) following its mixed first-quarter 2012 results. Its earnings of 15 cents a share narrowly missed the Zacks Consensus Estimate. Revenues rose 10% year over year to $276.7 million, beating the Zacks Consensus Estimate.
Sales were boosted by healthy demand for titanium products in the commercial aerospace sector. The company expects this trend to continue moving ahead. Titanium Metals foresee aircraft deliveries … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards