IHS Chemical Week

People & Business :: Earnings/Finance

Stepan Posts Higher Q2 Earnings, but Misses Estimates

10:05 AM MDT | July 25, 2012 | Rebecca Coons

Stepan posted higher second quarter results, as profits in its surfactants business offset weak phthalic anhydride (PA) sales, although the company missed analysts' earnings expectations by more than 10%. The company posted net income of $21 million for its fiscal quarter ended June 30, up 3% from the year-ago quarter. Excluding special charges, earnings of $1.99/share fell short of analysts' consensus of $2.26/share, as reported by Thomson Reuters (New York). Sales slipped 1%, to $470 million, on foreign currency translation and lower selling prices. Gross...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa