WASHINGTON (dpa-AFX) - Quaker Chemical Corp. (KWR) reported a profit for its second quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $29.35 million, or $1.63 per share. This compares with $14.34 million, or $0.80 per share, in last year's second quarter.
Excluding items, Quaker Chemical Corp. reported adjusted earnings of $34.77 million or $1.93 per share for the period.
Analysts on average had expected the company to earn $1.85 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 0.6% to $495.44 million from $492.39 million last year.
Quaker Chemical Corp. earnings at a glance (GAAP) :
-Earnings (Q2): $29.35 Mln. vs. $14.34 Mln. last year. -EPS (Q2): $1.63 vs. $0.80 last year. -Analyst Estimate: $1.85 -Revenue (Q2): $495.44 Mln vs. $492.39 Mln last year.
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