Gerdau AmeriSteel Corp. (GNA)

[eastunder]

GNA: Q2 Adj EPS (7c) vs 64c Misses (5c) Est

Thursday , August 06, 2009 08:38ET

QUARTER RESULTS
Gerdau Ameristeel Corp (GNA) reported Q2 results ended June 2009. Q2 Revenues were $1,035.96M; -59.31% vs yr-ago; BEATING revenue consensus by +9.00%. Q2 EPS was (13c). Adjusted Q2 EPS was (7c); -110.94% vs yr-ago; MISSING earnings consensus by -40.00%.

Q2 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:     $1,035.96M    $2,545.81M     -59.31%      $950.42M      +9.00% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:               (13c)           N/A         N/A           N/A         N/A 
 Adj EPS:            (7c)           64c    -110.94%          (5c)     -40.00% 
 ----------  ------------  ------------  ----------  ------------  ----------

ORIGINAL EARNINGS RELEASE
Consensus estimate data provided by Reuters.
Visit Knobias.com for more indepth earnings information.