CONSHOHOCKEN, Pa. (AP) — CONSHOHOCKEN, Pa. (AP) — Quaker Chemical Corp. (KWR) on Monday reported fourth-quarter earnings of $20.7 million.
On a per-share basis, the Conshohocken, Pennsylvania-based company said it had profit of $1.18. Earnings, adjusted for one-time gains and costs, came to $1.65 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.
The specialty chemical company posted revenue of $468.5 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $465.3 million.
For the year, the company reported a loss of $2.5 million, or 14 cents per share. Revenue was reported as $1.89 billion.
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