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KMG posts 2Q profit

FORT WORTH, Texas (AP) _ KMG Chemicals Inc. (KMG) on Thursday reported fiscal second-quarter profit of $25.3 million.

The Fort Worth, Texas-based company said it had profit of $1.59 per share. Earnings, adjusted for one-time gains and costs, came to $1.04 per share.

The chemical maker posted revenue of $113.9 million in the period.

KMG expects full-year revenue in the range of $445 million to $455 million.

KMG shares have fallen slightly more than 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $61.92, a climb of 67 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMG at https://www.zacks.com/ap/KMG