CONSHOHOCKEN, Pa. (AP) — CONSHOHOCKEN, Pa. (AP) — Quaker Chemical Corp. (KWR) on Monday reported second-quarter profit of $34.9 million.
On a per-share basis, the Conshohocken, Pennsylvania-based company said it had net income of $1.94. Earnings, adjusted for non-recurring costs, were $2.13 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.21 per share.
The specialty chemical company posted revenue of $463.6 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $487.9 million.
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