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Lubrizol Expects to Beat Estimates

2:31 PM MDT | October 21, 2009 | Nancy Seewald

Lubrizol says it expects to report third-quarter earnings of about $2.46/share. Excluding a restructuring and impairment charge, earnings are expected to be about $2.52/share, well ahead of the consensus of analysts’ estimates of $1.89/share, as reported by Thomson Reuters (New York). Lubrizol will report earnings on October 29. Last month, Lubrizol raised its full-year earnings guidance to $6.10-$6.40/share, excluding charges, compared with earlier guidance of $5.70-$6/share. The company cited improved market conditions in the third quarter. Analysts'...

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