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Chemtura preliminary results in line with expectations

11:44 AM MDT | July 18, 2013 | Vincent Valk

Chemtura says it is expected second-quarter sales to decline 0.8% year-on-year (YOY), to $735 million, with second-quarter Ebitda falling 7.6%, to $109 million. The company released some preliminary earnings along with a $400-million bond issue. It will release full second-quarter earnings on 30 July. Analysts expect Chemtura’s second-quarter earnings to total 34 cts/share, as reported by Thomson Reuters (New York). “With the benefit of particularly strong sales in North America and in South America, Chemtura AgroSolutions delivered record performance...

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