Olin Corp. (OLN) Thursday reported first-quarter profit of $40.5 million or $0.50 per share, up from $38.7 million or $0.48 per share in the comparable quarter last year.
On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.47 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $630.0 million from $507.2 million last year. Analysts expected revenues of $612.51 million.
Looking ahead to the second quarter, the company has forecast earnings in the range of $0.45 to $0.50 per share. Analysts currently expect second-quarter earnings of $0.60 per share.
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