MALVERN, Pa. (AP) — MALVERN, Pa. (AP) — Ecovyst Inc. (ECVT) on Thursday reported first-quarter earnings of $1.2 million.
The Malvern, Pennsylvania-based company said it had net income of 1 cent per share. Earnings, adjusted for one-time gains and costs, came to 4 cents 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 7 cents per share.
The specialty chemical producer posted revenue of $160.5 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $171.6 million.
Ecovyst expects full-year revenue in the range of $715 million to $755 million.
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