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Koppers cuts guidance on weak European demand

1:27 PM MDT | July 16, 2013 | Vincent Valk

Koppers says it is cutting its second-quarter 2013 earnings guidance by about 32%, to 66–70 cts/share, down from $1.00/share previously, on "volatility in demand and pricing" due to the weak economy in Europe. The company also expects full-year 2013 adjusted earnings to fall below 2012 adjusted earnings of $3.27/share, though it has not released a specific new guidance for full-year earnings. Analysts expect Koppers' second-quarter earnings to total 93 cts/share and its full-year earnings to total $3.30/share, as reported by Thomson Reuters...

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