STAMFORD, Conn. (AP) _ Tronox Holdings plc (TROX) on Tuesday reported a second-quarter loss of $62 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Stamford, Connecticut-based company said it had a loss of 41 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 26 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The producer of titanium ore and titanium dioxide posted revenue of $791 million in the period.
Tronox shares have increased 16% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9, a decline of 47% in the last 12 months.