Quaker Chemical Corp. (KWR) reported earnings for third quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $25.9 million, or $1.44 per share. This compares with $31.1 million, or $1.73 per share, in last year's third quarter.
Excluding items, Quaker Chemical Corp. reported adjusted earnings of $31.2 million or $1.74 per share for the period.
Analysts on average had expected the company to earn $1.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.6% to $492.2 million from $449.1 million last year.
Quaker Chemical Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $25.9 Mln. vs. $31.1 Mln. last year.
-EPS (Q3): $1.44 vs. $1.73 last year.
-Analyst Estimates: $1.47
-Revenue (Q3): $492.2 Mln vs. $449.1 Mln last year.
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