Quaker Chemical: 2Q Earnings Snapshot
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.