MRC Global Swings to Q4 Adjusted Loss, Sales Fall

MT Newswires Live

03/14

MRC Global (MRC) reported a Q4 adjusted net loss Friday of $0.08 per share, swinging from earnings of $0.24 a year earlier.

Four analysts polled by FactSet expected EPS of $0.08.

Sales for the quarter ended Dec. 31 were $664 million, down from $740 million a year earlier.

Four analysts surveyed by FactSet expected $726.9 million.

The company's shares were down 5.6% in recent premarket activity.

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