CLAYTON, Mo. (AP) — CLAYTON, Mo. (AP) — Olin Corp. (OLN) on Monday reported a loss of $1.3 million in its second quarter.
The Clayton, Missouri-based company said it had a loss of 1 cent per share. Earnings, adjusted for restructuring costs, were 5 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The chlor-alkali and ammunition producer’ posted revenue of $1.76 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.67 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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