Univar: 3Q Earnings Snapshot
DOWNERS GROVE, Ill. (AP) _ Univar Inc. (UNVR) on Tuesday reported third-quarter profit of $49.6 million.
On a per-share basis, the Downers Grove, Illinois-based company said it had profit of 35 cents. Earnings, adjusted for one-time gains and costs, came to 40 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The specialty chemicals company posted revenue of $2.13 billion in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $2.16 billion.
Univar expects full-year earnings to be $1.60 per share.
Univar shares have declined 16 percent since the beginning of the year. The stock has dropped 13 percent in the last 12 months.