PQ Group: 2Q Earnings Snapshot
MALVERN, Pa. (AP) _ PQ Group Holdings Inc. (PQG) on Thursday reported second-quarter net income of $15.8 million.
The Malvern, Pennsylvania-based company said it had net income of 12 cents per share. Earnings, adjusted for non-recurring costs, were 28 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 28 cents per share.
The specialty chemical producer posted revenue of $434.7 million in the period.
PQ Group expects full-year revenue in the range of $1.55 billion to $1.58 billion.
PQ Group shares have risen 7 percent since the beginning of the year.