Quaker Chemical: 2Q Earnings Snapshot

July 30, 2018

CONSHOHOCKEN, Pa. (AP) _ Quaker Chemical Corp. (KWR) on Monday reported second-quarter profit of $19.2 million.

The Conshohocken, Pennsylvania-based company said it had net income of $1.44 per share. Earnings, adjusted for non-recurring costs, came to $1.56 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.

The specialty chemical company posted revenue of $222 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $216 million.

Quaker Chemical shares have risen 6 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $160.17, a climb of 12 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KWR at https://www.zacks.com/ap/KWR

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