W. R. Grace & Co (GRA) Releases Earnings Results, Beats Expectations By $0.07 EPS

W. R. Grace & Co (GRA) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.74 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.67. The company posted revenue of $390.50 million in the period, compared to analysts expectations of $405.89 million. The company’s revenue was down -4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.

W. R. Grace & Co closed down -0.6 points or -0.80% at $74.87 with 11,12,537 shares getting traded on Friday. Post opening the session at $75.26, the shares hit an intraday low of $73.04 and an intraday high of $75.26 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 12, 2016, Diane H. Gulyas (director) purchased 1,000 shares at $78.33 per share price. According to the SEC, on May 5, 2016, Mark A Shelnitz (VP, GC and Secretary) sold 34,810 shares at $76.97 per share price. On Dec 16, 2015, Keith N Cole (VP, Govt. Relations and EHS) purchased 3,000 shares at $93.50 per share price, according to the Form-4 filing with the securities and exchange commission.

W.R. Grace & Co. (Grace) is engaged in the production and sale of specialty chemicals and specialty materials on a global basis. The Company operates in three segments: Grace Catalysts Technologies which includes catalysts and related products and refining petrochemical and other chemical manufacturing technologies; Grace Materials Technologies which includes packaging technologies and engineered materials and Grace Construction Products which includes specialty construction chemicals and specialty building materials. Its brands include Sylojet Syloid Shieldex Sylosiv Sylowhite Durafill Ludox Sylodent Syloblanc Daraclar Trisyl Perkasil Phonosorb Sylobead Cryosiv Safetysorb Poliedge Sylobloc Synthetech Davisil Vydac Modcol Spring Multipacker Reveleris Revealx Graceresolv Visionht Vydac Alltech Alltima Sodasorb Darex Daraform Daraseal Darablend Sincera Celox Apperta and Sistiaga.

W. R. Grace & Co

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