Sunday, Oct 23, 2016
One of America's Great Newspapers ~ Toledo, Ohio


The Andersons posts loss for 3rd quarter

The Andersons Inc. said yesterday it had a loss of $636,000 in the third quarter, or 9 cents a share, compared with a $1 million profit, or 14 cents a share, for the same period a year ago.

The Maumee agribusiness reported quarterly revenues of $289 million, up 16 percent from $248 million last year. Its railcar unit had a strong operating income of $5.8 million, but the firm s other units posted operating losses.

Still, the company said it is still on track to achieve $2.20 to $2.50 a share profi t for the year.

The news apparently cheered investors. The company stock price rose $2.21, or 6 percent, yesterday to close at $37.21 on Nasdaq.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…