in this issue
World News and Views :: Top of the News
Chemtura earnings fall short of estimates on soft demand
4:37 PM MDT | May 2, 2013 | Vincent Valk
Chemtura today reported a first-quarter net loss from continuing operations of $22 million, compared with a profit of $22 million in the year-ago period. Net sales declined 1.9% year-on-year (YOY), to $606 million. Adjusted net earnings from continuing operations totaled $15 million, down 17%, or 15 cts/share, short of analysts’ consensus of 20 cts/share, as reported by Thomson Reuters (New York). The adjusted earnings exclude costs related to environmental remediation of a closed site in France and restructuring charges. “As anticipated, with...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee