WASHINGTON (dpa-AFX) - Quaker Chemical Corp. (KWR) revealed earnings for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $33.67 million, or $1.87 per share. This compares with $25.87 million, or $1.44 per share, in last year's third quarter.
Excluding items, Quaker Chemical Corp. reported adjusted earnings of $36.93 million or $2.05 per share for the period.
Analysts on average had expected the company to earn $1.89 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 0.3% to $490.61 million from $492.22 million last year.
Quaker Chemical Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $33.67 Mln. vs. $25.87 Mln. last year. -EPS (Q3): $1.87 vs. $1.44 last year. -Analyst Estimate: $1.89 -Revenue (Q3): $490.61 Mln vs. $492.22 Mln last year.
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