Methanex: 3Q Earnings Snapshot
VANCOUVER, British Columbia (AP) _ Methanex Corp. (MEOH) on Wednesday reported a third-quarter loss of $9.9 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 21 cents. Losses, adjusted for non-recurring gains, were 27 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The methanol supplier posted revenue of $649.7 million in the period.
Methanex shares have declined 21% since the beginning of the year. The stock has declined 41% in the last 12 months.