Olin Corp (OLN) announced a profit for fourth quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $10.7 million, or $0.09 per share. This compares with $52.9 million, or $0.43 per share, last year.
Analysts on average had expected the company to earn -$0.04 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.5% to $1.671 billion from $1.615 billion last year.
Olin Corp earnings at a glance (GAAP) :
-Earnings: $10.7 Mln. vs. $52.9 Mln. last year.
-EPS: $0.09 vs. $0.43 last year.
-Revenue: $1.671 Bln vs. $1.615 Bln last year.
For comments and feedback: editorial@rttnews.com