NewMarket Q3 Profit Declines, Results Miss View - Quick Facts

(RTTNews) - Petroleum additives company NewMarket Corp (NEU) Tuesday reported third-quarter net income of $56.9 million or $4.53 per share, down from $78.9 million or $5.94 per share last year.

Excluding items, adjusted earnings for the quarter were $4.52 per share, compared to $4.32 per share in the year-ago period.

Total revenue for the quarter grew to $589.67 million from $580.46 million in the prior-year period.

Analysts polled by Thomson Reuters projected earnings of $4.88 per share on revenue of $599.47 million for the quarter. Analysts' estimates typically exclude special items.