Chemtura Corp (CHMT) Releases Earnings Results, Misses Expectations By $-0.06 EPS

Chemtura Corp (CHMT) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.40 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $0.46. The company posted revenue of $441.00 million in the period, compared to analysts expectations of $451.50 million. The company’s revenue was down -5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

Chemtura Corp closed down -0.63 points or -2.27% at $27.13 with 4,10,366 shares getting traded on Thursday. Post opening the session at $27.7, the shares hit an intraday low of $27.08 and an intraday high of $27.71 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 5, 2016, Billie S. Flaherty (EVP, Gnrl. Counsel & Secretary) sold 3,993 shares at $26.91 per share price. According to the SEC, on Mar 22, 2016, Laurence Michael Orton (VP, Corporate Controller) sold 2,000 shares at $27.00 per share price. On Nov 4, 2015, Craig A Rogerson (President and CEO) sold 231,614 shares at $31.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Chemtura Corporation (Chemtura) is a global developer manufacturer and marketer of engineered industrial specialty chemicals. The Company’s products are sold to industrial manufacturing customers for use as additives ingredients or intermediates that add value to their end products. The Company operates in two segments: Industrial Performance Products and Industrial Engineered Products. Its Industrial Performance Products segment is a global manufacturer and marketer of lubricant additive components synthetic lubricant base-stocks synthetic finished fluids calcium sulfonate specialty greases and phosphate and polyester-based fluids and also engaged in the development and production of hot cast elastomer pre-polymers. Its Industrial Engineered Products segment is a global developer and manufacturer of bromine and bromine-based products and organometallic compounds. Its operations are located in North America Latin America Europe and Asia.

Chemtura Corp

Leave a Reply

Chemtura Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Chemtura Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.