PHILADELPHIA (AP) -- Chemtura says its second-quarter revenue will miss Wall Street's expectations.
The specialty chemicals company expects revenue of $735 million for the period ended June 30. That compares with $741 million in revenue a year ago.
Analysts polled by FactSet predicted revenue of $739.4 million.
Chemtura Corp. expects to report its full financial results for the second quarter on July 30.
The company also announced an offering of $400 million senior notes due 2021. Chemtura plans to use the proceeds to pay for $455 million outstanding senior notes due 2018, as well as related fees and expenses.
Shares of the Philadelphia company rose 66 cents, or 3 percent, to $23.01 in Thursday afternoon trading. The stock has traded in a 52-week range of $12.55 to $24.51.
- Investment & Company Information