CLAYTON, Mo. (AP) — CLAYTON, Mo. (AP) — Olin Corp. (OLN) on Thursday reported first-quarter profit of $1.4 million.
The Clayton, Missouri-based company said it had profit of 1 cent per share. Earnings, adjusted for restructuring costs, were 4 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
The chlor-alkali and ammunition producer’ posted revenue of $1.64 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $1.66 billion.
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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 OLN at https://www.zacks.com/ap/OLN
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