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W.R. Grace: 1Q Earnings Snapshot

COLUMBIA, Md. (AP) _ W.R. Grace & Co. (GRA) on Thursday reported first-quarter earnings of $24.7 million.

The Columbia, Maryland-based company said it had profit of 37 cents per share. Earnings, adjusted for one-time gains and costs, were 93 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.

The chemical and materials manufacturing company posted revenue of $469.5 million in the period.

W.R. Grace expects full-year earnings in the range of $4.53 to $4.62 per share.

W.R. Grace shares have climbed 16 percent since the beginning of the year.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GRA at https://www.zacks.com/ap/GRA