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CONSHOHOCKEN, Pa. (AP) — CONSHOHOCKEN, Pa. (AP) — Quaker Chemical Corp. (KWR) on Thursday reported first-quarter profit of $12.9 million.
On a per-share basis, the Conshohocken, Pennsylvania-based company said it had net income of 73 cents. Earnings, adjusted for non-recurring costs, came to $1.58 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The specialty chemical company posted revenue of $442.9 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $456.2 million.
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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 KWR at https://www.zacks.com/ap/KWR