VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Methanex Corp. (MEOH) on Wednesday reported first-quarter profit of $111 million.
The Vancouver, British Columbia-based company said it had profit of $1.44 per share. Earnings, adjusted for non-recurring gains, were $1.30 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The methanol supplier posted revenue of $896 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $1.04 billion.
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