Chemtura Q2 Swings Q2 Profit

(RTTNews) - Chemtura Corporation, (CHMT), a maker of specialty chemical solutions, Tuesday reported second-quarter net income of $39 million or $0.42 per share, compared to a loss of $93 million or $0.93 per share last year.

Earnings from continuing operations for the quarter were $0.46 per share up from $0.27 per share last year.

Adjusted earnings for the quarter were $0.32 per share up from $0.25 per share last year.

Net sales rose 3 percent to $609 million or $590 million last year.

Analysts polled by Thomson Reuters estimated earnings of $0.35 per share for the quarter on revenues of $623.6 million. Analysts' estimates typically exclude special items.