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Mine Safety Sinks on Miss
Mine Safety Appliances (MSA Quote) fell 11% Tuesday after second-quarter earnings dropped 16.2% from a year ago.
The Pittsburgh-based company earned $16.1 million, or 43 cents a share, in the quarter, compared with $19.2 million, or 52 cents a share, a year ago. Analysts surveyed by Thomson First Call were expecting earnings of 55 cents a share in the most recent quarter.
Total revenue in the second quarter slid 0.5% to $220.1 million as against analysts' expectation of $224.5 million. ...
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