SQM: 2Q Earnings Snapshot

August 22, 2019 GMT

SANTIAGO, Chile (AP) _ Sociedad Quimica y Minera de Chile SA (SQM) on Wednesday reported second-quarter profit of $70.2 million.

The Santiago, Chile-based company said it had net income of 27 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The chemicals company posted revenue of $494.1 million in the period.

SQM shares have dropped 34% since the beginning of the year. The stock has decreased 43% in the last 12 months.



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