Zacks Adjusted earnings per unit came in at 2 cents, below the Zacks Consensus Estimate of 11 cents.
Briefing •Reports Q3 (Sep) earnings of $0.02 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.02.
JMTC but Zacks seems it had the bar two high on consensus, given energy prices.
Star expects to record, in the fourth quarter of fiscal 2015, a non-cash charge in order to establish a withdrawal liability of approximately $17.8 million on its consolidated balance sheet, representing the present value of the $48.0 million future payment obligation at a discount rate of 8.22%. In addition, Star will record a non-cash deferred tax benefit of approximately $7.4 million. The net result of these two non-cash items is expected to reduce net income for fiscal 2015 by $10.4 million.