Minerals Technologies: 2Q Earnings Snapshot
NEW YORK (AP) _ Minerals Technologies Inc. (MTX) on Thursday reported second-quarter earnings of $44.1 million.
On a per-share basis, the New York-based company said it had net income of $1.24. Earnings, adjusted for one-time gains and costs, were $1.28 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The maker of mineral, mineral-based and synthetic mineral products posted revenue of $464.7 million in the period.
Minerals Technologies shares have risen 8 percent since the beginning of the year. The stock has increased 5.5 percent in the last 12 months.