Benzinga | Jul 29, 2020 06:47AM EDT

Universal Stainless Q2 Adj. EPS $(0.27) Beats $(0.28) Estimate, Sales $52.50M Beat $47.89M Estimate

Universal Stainless (NASDAQ:USAP) reported quarterly losses of $(0.27) per share which beat the analyst consensus estimate of $(0.28) by 3.57 percent. This is a 200 percent decrease over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $52.50 million which beat the analyst consensus estimate of $47.89 million by 9.63 percent. This is a 26.05 percent decrease over sales of $71.00 million the same period last year.