OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — LSB Industries Inc. (LXU) on Monday reported first-quarter profit of $5.6 million.
The Oklahoma City-based company said it had net income of 8 cents per share. Earnings, adjusted for one-time gains and costs, were 12 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The chemical maker posted revenue of $138.2 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $120.6 million.
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