Methanex: Q1 Earnings Snapshot

Associated Press Finance
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VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Methanex Corp. (MEOH) on Wednesday reported first-quarter net income of $60 million.

On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 87 cents. Earnings, adjusted for non-recurring costs, came to $1.11 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.

The methanol supplier posted revenue of $1.04 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $975 million.

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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 MEOH at https://www.zacks.com/ap/MEOH

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