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Lubrizol Earnings Rise Strongly on Volume Improvement

9:16 AM MDT | April 29, 2010 | Vincent Valk

Lubrizol reported first-quarter income of $162.3 million, or $2.32/share, compared to $71.8 million during the first quarter of last year, the company announced today. Revenues rose to $1.32 billion from $1.01 billion on a 28% improvement in volumes. The company's earnings beat analyst consensus of $1.85/share, according to Thomson One. The company declared a dividend increase earlier this week. It is currently forecasting full-year 2010 earnings to total $8.32/share to $8.72/share. Analysts estimate full-year earnings to total $7.91/share, according to Thomson...

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