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Quaker Chemical beats 1Q profit forecasts

CONSHOHOCKEN, Pa. (AP) _ Quaker Chemical Corp. (KWR) on Monday reported first-quarter profit of $7 million.

On a per-share basis, the Conshohocken, Pennsylvania-based company said it had profit of 52 cents. Earnings, adjusted for non-recurring costs, were $1.18 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The specialty chemical company posted revenue of $194.9 million in the period.

Quaker Chemical shares have risen 13 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $144.98, a climb of 63 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 KWR at https://www.zacks.com/ap/KWR


Keywords: Quaker Chemical, Earnings Report