Monday, July 9, 2007

UPDATE 2-Schnitzer posts strong Q3 results, shares rise

(Reuters) - Shares of the metals recycler rose more than 17 percent, or
$9.01, to $61.33 in afternoon trade, after touching an all-time
high of $62.11 earlier, on the Nasdaq.




The company reported third-quarter net income of $43.8
million, or $1.47 a share, compared with $30.2 million, or 98
cents a share, a year ago. Revenue rose 40 percent to $709.4
million.


Read more at Reuters.com Market News

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