Huntsman Q3 Profit Decreases - Quick Facts

(RTTNews) - Huntsman Corp. (HUN) reported that its third-quarter net income to company decreased to $64 million or $0.26 per share, from $116 million or $0.48 per share, last year. Adjusted net income was $132 million or $0.54 per share, for the quarter. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.54 for the quarter. Analysts' estimates typically exclude special items.

Revenues rose to $2.84 billion, from $2.74 billion, prior year. Analysts expected revenue of $2.82 billion for the quarter. Although revenue increased year-over-year, the company recorded lower gross profit and operating income for the quarter.