Element Solutions: Q2 Earnings Snapshot
FORT LAUDERDALE, Fla. (AP) _ Element Solutions Inc (ESI) on Wednesday reported second-quarter earnings of $65.2 million.
On a per-share basis, the Fort Lauderdale, Florida-based company said it had profit of 26 cents. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The specialty chemical and printing products posted revenue of $676.9 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $676.2 million.
Element Solutions expects full-year earnings in the range of $1.52 to $1.55 per share.