Methanex: Q3 Earnings Snapshot

Associated Press Finance
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VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Methanex Corp. (MEOH) on Wednesday reported third-quarter profit of $24 million.

The Vancouver, British Columbia-based company said it had net income of 36 cents per share. Earnings, adjusted for non-recurring gains, came to 2 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The methanol supplier posted revenue of $823 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $779.2 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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