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Tronox: 3Q Earnings Snapshot

November 8, 2019 GMT

LONDON (AP) _ Tronox Holdings plc (TROX) on Thursday reported a third-quarter loss of $13 million, after reporting a profit in the same period a year earlier.

The London-based company said it had a loss of 9 cents per share. Earnings, adjusted for one-time gains and costs, were 21 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The producer of titanium ore and titanium dioxide posted revenue of $768 million in the period.

For the current quarter ending in December, Tronox expects its per-share earnings to range from 1 cent to 11 cents.

The company said it expects revenue in the range of $700 million to $750 million for the fiscal fourth quarter.

Tronox expects full-year earnings in the range of 33 cents to 44 cents per share, with revenue ranging from $2.65 billion to $2.7 billion.

Tronox shares have climbed 37% since the beginning of the year. The stock has declined 18% 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 TROX at https://www.zacks.com/ap/TROX