CLAYTON, Mo. (AP) _ Olin Corp. (OLN) on Wednesday reported a second-quarter loss of $20 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Clayton, Missouri-based company said it had a loss of 12 cents. Losses, adjusted for non-recurring costs and restructuring costs, were 1 cent per share.
The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for a loss of 1 cent per share.
The chlor-alkali and ammunition producer' posted revenue of $1.59 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $1.49 billion.
Olin shares have decreased slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.04, a decrease of 32% in the last 12 months.