PQ Group: 3Q Earnings Snapshot
MALVERN, Pa. (AP) _ PQ Group Holdings Inc. (PQG) on Tuesday reported third-quarter net income of $14.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Malvern, Pennsylvania-based company said it had net income of 11 cents. Earnings, adjusted for non-recurring costs and pretax expenses, were 26 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The specialty chemical producer posted revenue of $427.2 million in the period.
PQ Group expects full-year revenue in the range of $1.58 billion to $1.6 billion.
PQ Group shares have fallen nearly 4 percent since the beginning of the year. The stock has decreased slightly in the last 12 months.