Aug 8 Titanium Metals Corp, which
supplies titanium products to the aerospace industry, reported a
slightly bigger-than-expected quarterly profit as higher selling
prices for its melted and mill products offset a fall in
Average selling prices rose 7 percent for its mill products
and 9 percent for its melted products. Melted and mill products
include pipes, slabs, coils and other products.
Second-quarter profit fell 2 percent to $31.4 million, or 17
cents per share, from $32.1 million, or 18 cents per share, a
Revenue at the company, whose customers include Boeing
and Rolls Royce, rose 3.5 percent to $281.7
Analysts had expected a profit of 16 cents per share on
revenue of $289.1 million, according to Thomson Reuters I/B/E/S.
Shares of the company closed at $13.00 on Tuesday on the New
York Stock Exchange.