PITTSBURGH (AP) — PITTSBURGH (AP) — Koppers Holdings Inc. (KOP) on Friday reported third-quarter earnings of $23.8 million.
The Pittsburgh-based company said it had net income of $1.17 per share. Earnings, adjusted for non-recurring costs, were $1.21 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The maker of chemicals, carbon compounds and wood treatment products posted revenue of $485.3 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $514.6 million.
Koppers expects full-year earnings in the range of $4 to $4.15 per share, with revenue expected to be $1.9 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KOP at https://www.zacks.com/ap/KOP
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