Quaker Chemical Corp. Q1 Profit Decreases, But Beats Estimates

(RTTNews) - Quaker Chemical Corp. (KWR) revealed earnings for first quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $12.92 million, or $0.73 per share. This compares with $35.23 million, or $1.95 per share, last year.

Excluding items, Quaker Chemical Corp. reported adjusted earnings of $28.03 million or $1.58 per share for the period.

Analysts on average had expected the company to earn $1.57 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 5.7% to $442.91 million from $469.76 million last year.

Quaker Chemical Corp. earnings at a glance (GAAP) :

-Earnings: $12.92 Mln. vs. $35.23 Mln. last year. -EPS: $0.73 vs. $1.95 last year. -Revenue: $442.91 Mln vs. $469.76 Mln last year.