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Methanex income more than doubles, but earnings well short of estimates on outages, feeds

10:20 AM MDT | April 30, 2014 | Clay Boswell

Methanex reports net income for the first quarter of $145 million, up 142% year-on-year (YOY), on sales of $968 million, up 48%. Although adjusted earnings increased 79% YOY, to $1.65/share, they fell well below the consensus estimate of $1.92/share. Analysts attributed the shortfall to unplanned outages and gas curtailments....

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