Metalico Earnings Surge on Outstanding First Quarter

Metalico, Inc. (AMEX:MEA) reports earnings of $0.19 per share and net income of $8.8 million for the first quarter.

The press release is quoted as saying,

The Company posted sales of $182 million for the quarter ended March 31, 2011, compared to $134.1 million for the comparable 2010 quarter when it reported net income of $3.5 million or $0.08 per share. All per-share calculations are on a diluted basis.

For the complete press release, click here.