Innospec Q2 Profit Slips - Quick Facts

Innospec Q1 Profit Down

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8/8/2012 4:32 PM ET

Innospec Inc. (IOSP: Quote) Wednesday reported a decline in profit for the second quarter, due mainly to lower revenues.

The Littleton, Colorado-based company's second-quarter net profit was $15.5 million or $0.65 per share, compared to $24.6 million or $1.00 per share last year.

Adjusted income for the quarter declined to $18.9 million or $0.79 per share from $20.7 million or $0.85 per share in the prior-year quarter. On average, three analysts polled by Thomson Reuters expected the company to earn $0.79 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter dropped to $178.5 million from $186.5 million in the prior-year quarter.

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by RTT Staff Writer

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