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Buffalo, N.Y.-Based Steel Processor Expects Strong Turnaround in Earnings.

By David Robinson, The Buffalo News, N.Y. Knight Ridder/Tribune Business News

May 7--Gibraltar Steel Corp., coming off a sluggish start to the year that forced it to warn investors its profits wouldn't meet their expectations, now is looking for a strong turnaround in its earnings this spring.

The Hamburg-based steel processor, which met its reduced first-quarter earnings forecast of 30 cents per share on Tuesday, said it forecasts its second-quarter to be much better, with profits far stronger than analysts were expecting.

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