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Lubrizol Expects Strong Results

11:14 AM MDT | July 27, 2007 | Chemical Week Editorial Staff

Lubrizol says it expects first-quarter earnings to be 98 cts/share, excluding a restructuring credit of about 2 cts/share. The consensus of analysts’ estimates as reported by First Call (Boston) is for 78 cts/share. Lubrizol says it earned 68 cts/share in the year-ago period. Higher sales driven by selling price increases and improved product mix led to the higher earnings expectation, Lubrizol says. Shipment volumes were higher than expected, the company...

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