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Mine Safety Earnings Drop
Mine Safety Appliances (MSA Quote) said Thursday its third-quarter earnings dropped 26.1% from a year ago, owing to delay in the release of federal government funding for the U.S. Fire Service.
The Pittsburgh-based company earned $12.6 million, or 34 cents a share, in the quarter, compared with $17.1 million, or 46 cents a share, a year ago. Analysts surveyed by Thomson First Call were expecting earnings of 41 cents a share in the most recent quarter.
Third-quarter total revenue slid 3.3% to $211.5 million as against analysts' expectation of $222.3 million. ...
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