chemical’s second-quarter profit and revenue exceeded market expectations-tmpda-tetramethylpropylenediamine

chemical (july 28) announced before the market opened on thursday that despite continued pricing and currency headwinds, its second-quarter revenue fell less than expected, and profits easily exceeded market expectations.

ceo andrew liveris said the company achieved its 15th consecutive year of profit and margin improvement despite facing a series of challenging geopolitical and market conditions. quarterly growth.

in the second fiscal quarter as of the end of june, chemical achieved a profit of us$3.12 billion, or us$2.61 per share, compared with a profit of us$1.22 billion in the same period last year, or us$0.97 per share. dollar.

adjusted earnings per share excluding special items rose to $0.95 in the quarter, compared with $0.91 in the same period last year. full-quarter revenue fell 7.4% to $11.95 billion as hydrocarbon products and raw material prices fell.

according to a thomson reuters survey, analysts expected adjusted earnings per share of $0.85 for the quarter and revenue of $11.24 billion.

at 22:17 beijing time, ‘s stock price was at us$53.88, an increase of 0.47%.