Quaker Chemical Corp. (KWR) announced earnings for fourth quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $14.19 million, or $0.81 per share. This compares with $20.20 million, or $1.12 per share, last year.
Excluding items, Quaker Chemical Corp. reported adjusted earnings of $23.57 million or $1.33 per share for the period.
Analysts on average had expected the company to earn $1.52 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 4.9% to $444.09 million from $467.11 million last year.
Quaker Chemical Corp. earnings at a glance (GAAP) :
-Earnings: $14.19 Mln. vs. $20.20 Mln. last year.
-EPS: $0.81 vs. $1.12 last year.
-Revenue: $444.09 Mln vs. $467.11 Mln last year.
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