Quaker Chemical: 3Q Earnings Snapshot
CONSHOHOCKEN, Pa. (AP) _ Quaker Chemical Corp. (KWR) on Tuesday reported a third-quarter loss of $13.1 million, after reporting a profit in the same period a year earlier.
The Conshohocken, Pennsylvania-based company said it had a loss of 80 cents per share. Earnings, adjusted for non-recurring costs, came to $1.56 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.
The specialty chemical company posted revenue of $325.1 million in the period.
Quaker Chemical shares have dropped 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $156.67, a decline of 22% in the last 12 months.