AP NEWS

Methanex: 3Q Earnings Snapshot

October 31, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MEOH at https://www.zacks.com/ap/MEOH