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.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.