NewMarket Q1 Profit Down

(RTTNews) - NewMarket Corporation (NEU) Wednesday reported first-quarter net income of $57.5 million or $4.43 per share, down from $67.8 million or $5.07 per share last year.

Adjusted earnings for the quarter were $4.54 per share, down from $4.97 per share last year. On average, five analysts polled by Thomson Reuters expected earnings of $5.32 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter rose to $576.4 million from $559.8 million last year. Analysts estimated revenues of $593.1 million for the quarter.