Park Ohio Holdings shares bolt up after quarterly results

Park Ohio Holdings

05/03/2019 19:25

** Shares of Park Ohio Holdings  PKOH.O  rise 6.2 pct on Tues
after supply chain management and manufacturing co reported
quarterly results after the bell on Mon
    ** Biggest one-day jump for PKOH since Nov 6, after co's Q3
quarterly report
    ** Though PKOH Q4 sales came in at $406 mln, below avg
analyst estimate of $410.8 mln, adj EPS of $1.20 substantially
surpassed estimate of $0.89 (IBES data from Refinitiv)
    ** Co said it sees moderate sales growth in 2019,
forecasting FY adj EPS in range of $4.20 to $4.50, whose
midpoint is in line with avg analyst estimate of $4.35
    ** With Tues gain, PKOH up 9.9 pct YTD



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