SIFCO Industries eyes biggest jump in nearly 11 years on Q4 profit

SIFCO Industries

16/12/2019 16:53

** Shares of SIFCO Industries  SIF.A  rise ~23% to a
10-month high of $3.3; set for its biggest one-day pct jump in
nearly 11 yrs 
    ** SIF, which makes forgings and machined components for
aerospace and energy markets, posts Q4 profit vs year-ago loss
 urn:newsml:reuters.com:*:nBw7TxTSra  
    ** "We've made significant progress in returning our Orange,
California facility to normal operation; we expect this will
continue to impact our quarterly performance into the second
quarter of fiscal 2020" - CEO 
    ** Including session's gain, stock down ~4% YTD vs. ~15%
gain in NYSE American composite - industrial subsector index
 .XID 

 (Reporting by C Nivedita in Bengaluru)