CONSHOHOCKEN, Pa. (AP) 鈥� CONSHOHOCKEN, Pa. (AP) 鈥� Quaker Chemical Corp. (KWR) on Thursday reported first-quarter earnings of $19.7 million.
On a per-share basis, the Conshohocken, Pennsylvania-based company said it had profit of $1.13. Earnings, adjusted for restructuring costs and non-recurring costs, were $1.63 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The specialty chemical company posted revenue of $480.5 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $465.1 million.
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