WASHINGTON (dpa-AFX) - Quaker Chemical Corp. (KWR) released a profit for its second quarter that increased from last year but missed the Street estimates.
The company's earnings totaled $34.885 million, or $1.94 per share. This compares with $29.346 million, or $1.63 per share, in last year's second quarter.
Excluding items, Quaker Chemical Corp. reported adjusted earnings of $38.232 million or $2.13 per share for the period.
Analysts on average had expected the company to earn $2.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 6.4% to $463.567 million from $495.444 million last year.
Quaker Chemical Corp. earnings at a glance (GAAP) :
-Earnings (Q2): $34.885 Mln. vs. $29.346 Mln. last year. -EPS (Q2): $1.94 vs. $1.63 last year. -Revenue (Q2): $463.567 Mln vs. $495.444 Mln last year.
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