in this issue
World News and Views :: Top of the News
Chemtura falls slightly short of estimates, volumes decline on soft demand
12:19 PM MST | November 6, 2012 | Vincent Valk
Chemtura today reported third-quarter net income of $9 million, or 9 cts/share, on sales down 4% year-on-year (YOY), to $743 million. Net income on a managed basis, excluding some onetime costs, totaled 35 cts/share, slightly short of analysts’ consensus of 36 cts/share, as reported by Thomson Reuters. “With continuing economic uncertainty, we are unlikely to see recovery in industrial demand in the fourth quarter and there remains a risk of further weakening,” says Chemtura CEO Craig Rogerson. The company remains focused on controlling...
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