Chemtura Swings To Q3 Profit, Misses View - Quick Facts

(RTTNews) - Specialty chemical maker Chemtura Corp. (CHMT) Tuesday reported third-quarter net income of $15 million or $0.17 per share, compared to a net loss of $40 million or $0.41 per share last year.

Earnings from continuing operations for the quarter were $0.17 per share, compared to $0.45 per share last year.

Excluding items, adjusted earnings from continuing operations for the quarter were $0.20 per share, compared to $0.10 per share last year.

Net sales for the quarter declined to $558 million or $569 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected that company to report earnings of $0.30 per share for the quarter on revenues of $587.12 million. Analysts' estimates typically exclude special items.