09:46 AM EST - Sherritt International Corporation : reported first-quarter 2012 results. Net earnings were $32.3 million ($0.11 per share, basic), compared to net earnings of $63.6 million ($0.22 per share, basic) for first-quarter 2011. Lower revenue, higher input commodity prices, and higher net financing expense were the primary factors in the decrease. Lower revenue resulted primarily from lower nickel prices (partially offset by higher oil prices and foreign exchange fluctuations). Sherritt International Corporation
shares T.S are trading down $0.10 at $5.59.
