GRIMSBY, Britain (AP) _ Tronox Holdings plc (TROX) on Wednesday reported a loss of $4 million in its second quarter.
The Grimsby, Britain-based company said it had a loss of 3 cents per share. Earnings, adjusted for non-recurring costs and pretax expenses, came to 3 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The producer of titanium ore and titanium dioxide posted revenue of $578 million in the period.
Tronox shares have fallen 27% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.32, a decrease of 27% in the last 12 months.