Methanex: 2Q Earnings Snapshot
VANCOUVER, British Columbia (AP) _ Methanex Corp. (MEOH) on Wednesday reported second-quarter net income of $50.2 million.
The Vancouver, British Columbia-based company said it had net income of 51 cents per share. Earnings, adjusted for non-recurring gains, came to 34 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The methanol supplier posted revenue of $734.4 million in the period.
Methanex shares have dropped 18% since the beginning of the year. The stock has declined 43% in the last 12 months.