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Innospec: Q2 Earnings Snapshot

ENGLEWOOD, Colo. (AP) — ENGLEWOOD, Colo. (AP) — Innospec Inc. (IOSP) on Tuesday reported second-quarter earnings of $30.8 million.

On a per-share basis, the Englewood, Colorado-based company said it had net income of $1.25. Earnings, adjusted for non-recurring costs, were $1.27 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The specialty chemicals company posted revenue of $491.4 million in the period.

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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 IOSP at https://www.zacks.com/ap/IOSP

SEC joins Big Ten in banning pros from returning to college, includes basketball players

The Southeastern Conference passed a rule Tuesday banning players who have been drafted by NFL, NBA or WNBA teams or listed on rosters in those leagues, joining the Big Ten in taking a strong stand against this month's unexpected surge of pro players trying to return to college. The SEC's rule differs from the one adopted by the Big Ten, which only included football in its decision released earlier in the day. Combined, it leaves little doubt about where the nation's two biggest conferences stand in the wake of court orders that were allowing players who had been on pro rosters, then released, to return back to college. It puts LSU on notice. This week, Tigers coach Lane Kiffin added Dae’Quan Wright and Zxavian Harris, a pair of undrafted players out of Mississippi who had tryouts in the NFL over the summer, but were released by their teams during training camp.
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