Quaker Chemical Corp. Q4 Profit Decreases, misses estimates

Quaker Chemical Corp. (KWR) announced earnings for fourth quarter that decreased from last year and missed the Street estimates.

The company's earnings totaled $18.13 million, or $1.01 per share. This compares with $48.47 million, or $2.72 per share, in last year's fourth quarter.

Excluding items, Quaker Chemical Corp. reported adjusted earnings of $23.05 million or $1.29 per share for the period.

Analysts on average had expected the company to earn $1.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.8% to $447.0 million from $385.9 million last year.

Quaker Chemical Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $18.13 Mln. vs. $48.47 Mln. last year.
-EPS (Q4): $1.01 vs. $2.72 last year.
-Analyst Estimates: $1.58
-Revenue (Q4): $447.0 Mln vs. $385.9 Mln last year.

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