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Quaker Chemical Corp. Q1 Profit Decreases, but beats estimates

Quaker Chemical Corp. (KWR) reported earnings for first quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $19.82 million, or $1.11 per share. This compares with $38.62 million, or $2.15 per share, in last year's first quarter.

Excluding items, Quaker Chemical Corp. reported adjusted earnings of $25.47 million or $1.42 per share for the period.

Analysts on average had expected the company to earn $1.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.3% to $474.17 million from $429.78 million last year.

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

-Earnings (Q1): $19.82 Mln. vs. $38.62 Mln. last year.
-EPS (Q1): $1.11 vs. $2.15 last year.
-Analyst Estimates: $1.41
-Revenue (Q1): $474.17 Mln vs. $429.78 Mln last year.

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