Kraton Performance Polymers Inc (KRA) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $0.63 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $0.70. The company posted revenue of $454.65 million in the period, compared to analysts expectations of $445.07 million. The company’s revenue was up 77.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Kraton Performance Polymers Inc closed down -1.85 points or -6.25% at $27.76 with 17,70,362 shares getting traded on Thursday. Post opening the session at $26.45, the shares hit an intraday low of $26.34 and an intraday high of $29.01 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Kraton Performance Polymers Inc. is a producer of styrenic block copolymers (SBCs) and other engineered polymers. The Company’s products are found in many everyday applications including personal care products such as disposable diapers and the rubberized grips of toothbrushes razor blades and power tools. Its products are also used to impart tack and shear properties in a wide variety of adhesive products and to impart characteristics such as flexibility and durability in sealants and corrosion resistance in coatings. It also produces Cariflex isoprene rubber and isoprene rubber latex. Its Cariflex products are used in applications such as surgical gloves and condoms. It manufactures its polymers at five manufacturing facilities globally including its flagship facility in Belpre Ohio as well as facilities in Germany France Brazil and Japan. The facility in Japan is operated by an unconsolidated manufacturing joint venture.