Loading…
Sunday, December 21, 2014
Current Weather
Loading Current Weather....
Published: Thursday, 5/1/2014

Libbey Inc. reports 1st quarter loss of $3.3 million

BLADE STAFF

Toledo glassmaker Libbey Inc. reported disappointing first-quarter results today, sending shares of the company's stock down by as much as 9 percent in early trading.

Libbey reported a loss of $3.3 million, or 16 cents per share, for the first quarter. The company said higher production costs and lower sales because of harsh winter weather early in the year effected its performance for the quarter. Last year, Libbey had a profit of $2 million, or 9 cents per share, in the first quarter.

As of 10:30 a.m., shares were trading at $24.92, down about 6.5 percent. 



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories









Poll