USAP - Universal Stainless & Alloy Products says it expects Q4 sales of $56.2M

• Universal Stainless & Alloy Products ( NASDAQ: USAP ) said Thursday it expects to report net sales for the fourth quarter of $56.2 million, up 30% from last year.
• Q4 sales of premium alloys are expected to reach $13.5 million, or 24% of sales, helped mostly by a 27% sequential increase in aerospace market sales, the company said.
• Q4 gross margin is expected to be about $2.4 million, while net loss for the fourth quarter is expected to be about $3.7 million, or $0.41 per diluted share. The consensus estimate for Q4 EPS is -$0.15.

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