CONSHOHOCKEN, Pa. (AP) — CONSHOHOCKEN, Pa. (AP) — Quaker Chemical Corp. (KWR) on Thursday reported a fourth-quarter loss of $76 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Conshohocken, Pennsylvania-based company said it had a loss of $4.24. Earnings, adjusted for non-recurring costs, came to $1.39 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The specialty chemical company posted revenue of $484.8 million in the period.
For the year, the company reported a loss of $15.9 million, or 89 cents per share, swinging to a loss in the period. Revenue was reported as $1.94 billion.
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