NEW YORK (AP) — NEW YORK (AP) — Minerals Technologies Inc. (MTX) on Thursday reported a loss of $144 million in its first quarter.
The New York-based company said it had a loss of $4.51 per share. Earnings, adjusted for non-recurring costs and restructuring costs, were $1.14 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The maker of mineral, mineral-based and synthetic mineral products posted revenue of $491.8 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $492 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTX at https://www.zacks.com/ap/MTX
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