Industrial Services of America, Inc. (IDSA) Expects Third Quarter Profits to Triple
Industrial Services of America, Inc. (IDSA), a processor and recycler of ferrous and non-ferrous scrap metals, provided guidance for the third quarter of fiscal 2008 this morning before the open. The company expects earnings to be in a range of $0.34 to $0.36 per share. For the third quarter of 2007, Industrial Services earned $383,159, or $0.11 per share. Through the first nine months of 2008, the company expects to earn $1.10 to $1.12 per share, compared to $0.55 per share for the same period in 2007. “We will be increasing our ferrous material inventory in the fourth quarter as…