Stepan Co. (SCL) announced a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $19.71 million, or $0.86 per share. This compares with $13.89 million, or $0.61 per share, last year.
Excluding items, Stepan Co. reported adjusted earnings of $19.31 million or $0.841 per share for the period.
Analysts on average had expected the company to earn $0.6 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.6% to $593.25 million from $551.41 million last year.
Stepan Co. earnings at a glance (GAAP) :
-Earnings: $19.71 Mln. vs. $13.89 Mln. last year.
-EPS: $0.86 vs. $0.61 last year.
-Revenue: $593.25 Mln vs. $551.41 Mln last year.
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