12:24 PM EST - Shermag Inc. : on Friday reported third-quarter net loss of $22.28 million or $1.67 per share, compared to a net loss of $7.7 million, or $0.58 per share, for the year-ago quarter. Quarterly revenues declined to $25.32 million from $40.56 million in the comparable period last year. Shermag Inc.
shares T.SMG are trading down 28 cents at $0.41.
