Quanex posts lower 1st-qtr profit on items


NEW YORK, Feb 28 (Reuters) - Quanex Corp , which produces steel for the auto industry and aluminum sheets for construction, on Thursday said quarterly profit fell sharply, hurt by one-time items. Quanex said net income for its fiscal first quarter was $3.1 million, or 8 cents per share, down from $20.7 million, or 55 cents a year ago. Excluding a $9.2 million loss and a $4.5 million cost the company said it earned 42 cents per share. (Reporting by Martinne Geller, editing by Leslie Gevirtz)

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