Chemtura Reports Increased Earnings, Beats Analyst Estimates

Chemtura reported second-quarter 2012 net earnings, on a GAAP basis, of $50 million, down 28% from the year-ago period, on sales down 4%, to $845 million. On a managed basis, which excludes costs related to bankruptcy proceedings, Chemtura’s second-quarter earnings were up 18%, to $60 million. Reported earnings per share were 61 cts, up 20% from the year-ago period and ahead of the consensus of analyst estimates of 52 cts/share. Chemtura president and CEO Craig Rogerson says the company’s AgroSolutions division drove earnings improvements...

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