CONSHOHOCKEN, Pa. (AP) — CONSHOHOCKEN, Pa. (AP) — Quaker Chemical Corp. (KWR) on Thursday reported a loss of $66.6 million in its second quarter.
The Conshohocken, Pennsylvania-based company said it had a loss of $3.78 per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to $1.71 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.
The specialty chemical company posted revenue of $483.4 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $463.2 million.
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