Ingevity: Q2 Earnings Snapshot

Associated Press Finance
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NORTH CHARLESTON, S.C. (AP) — NORTH CHARLESTON, S.C. (AP) — Ingevity Corporation (NGVT) on Wednesday reported second-quarter earnings of $35.5 million.

On a per-share basis, the North Charleston, South Carolina-based company said it had profit of 97 cents. Earnings, adjusted for one-time gains and costs, were $1.41 per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of $1.41 per share.

The company posted revenue of $481.8 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $483.5 million.

Ingevity expects full-year revenue in the range of $1.6 billion to $1.7 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 NGVT at https://www.zacks.com/ap/NGVT

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