05:39 PM EDT, 05/14/2024 (MT Newswires) -- Ferroglobe ( GSM ) reported a Q1 loss late Tuesday of $0.01 per diluted share, swinging from earnings of $0.11 a year earlier.

Two analysts polled by Capital IQ expected a loss of $0.02.

Sales for the quarter ended March 31 were $391.9 million, down from $400.9 million a year earlier. One of two analysts polled by Capital IQ projected $392.8 million.

The company maintained its quarterly dividend at $0.013 per share, payable on June 27 to shareholders of record as of June 17.

Shares of the company rose more than 6% in recent after-hours activity.

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