Summary
Wheeling-Pittsburgh Corp. reported a profitable third quarter Tuesday, citing solid pricing and demand, but the troubled steelmaker predicted an operating loss for the fourth quarter.
The parent of Wheeling-Pittsburgh Steel reported net income of $17 million, or $1.14 a share, compared to a loss of $21.1 million, or $1.47 cents a share, one year ago. Third-quarter sales totaled $482.7 million, up from $374.9 million, a year ago.See the full content of this document
Extract
Wheeling Pitt has Profitable Quarter
Shares of Wheeling-Pitt shares closed yesterday at $18.49, down $1.26.
Executives yesterday championed Wheeling-Pitt's propos...See the full content of this document
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