IHS Chemical Week

Chemtura misses estimates

2:38 PM MST | February 26, 2013

Chemtura reported fourth-quarter net earnings of $27 million, up 13% from the year-ago quarter, as strength in consumer products and agricultural chemicals offset weak conditions in the company’s industrial segments. Sales increased 8%, to $622 million. Reported earnings were 27 cts/share, up 13% from the year-ago quarter, but 13% below the average analyst estimate of 31 cts/share as reported by Thomson Reuters (New York). Chemtura’s shares were trading down 9.8% at 1 pm ET, at $19.80/share. “Chemtura AgroSolutions and consumer products both...

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