MALVERN, Pa. (AP) — MALVERN, Pa. (AP) — Ecovyst Inc. (ECVT) on Thursday reported a loss of $3.6 million in its first quarter.
On a per-share basis, the Malvern, Pennsylvania-based company said it had a loss of 3 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 1 cent per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The specialty chemical producer posted revenue of $162.2 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $173.1 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 ECVT at https://www.zacks.com/ap/ECVT
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