Chemtura Slips To Loss In Q2

(RTTNews) - Chemtura Corp. (CHMT) Tuesday reported second-quarter net loss attributable to the company of $93 million or $0.93 per share, compared to net income of $50 million or $0.50 per share in the comparable quarter last year.

Net earnings from continuing operations attributable to Chemtura dropped to $47 million or $0.47 per share from $53 million or $0.53 per share.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.37 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter dropped 1 percent to $735 million from $741 million last year, while four analysts estimated sales of $734.65 million for the quarter.