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Kraton Corp. Q1 adjusted earnings Beat Estimates

Kraton Corp. (KRA) announced earnings for first quarter that dropped from last year.

The company's profit totaled $12.67 million, or $0.39 per share. This compares with $22.07 million, or $0.68 per share, in last year's first quarter.

Analysts had expected the company to earn $0.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 9.2% to $456.41 million from $502.39 million last year.

Kraton Corp. earnings at a glance:

-EPS (Q1): $0.88 vs. $0.58 last year.
-Analysts Estimate: $0.65
-Revenue (Q1): $456.41 Mln vs. $502.39 Mln last year.

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