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SQM: 1Q Earnings Snapshot

SANTIAGO, Chile (AP) _ Sociedad Quimica y Minera de Chile SA (SQM) on Wednesday reported first-quarter profit of $80.5 million.

The Santiago, Chile-based company said it had profit of 31 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The chemicals company posted revenue of $504.2 million in the period.

SQM shares have declined 15% since the beginning of the year. The stock has dropped 39% in the last 12 months.

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