IHS Chemical Week

People & Business :: Earnings/Finance

Chemtura notches sales and earnings gains, but misses estimates

11:10 AM MST | February 26, 2013 | Robert Westervelt

Chemtura reports 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)....

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