Innospec (IOSP) reported Q3 adjusted earnings late Tuesday of $1.35 per diluted share, down from $1.59 a year earlier.
Three analysts polled by Capital IQ expected $1.35.
Net sales in the quarter ended Sept. 30 fell to $443.4 million from $464.1 million a year earlier.
Three analysts surveyed by Capital IQ expected $442.1 million.
Innospec increased its semi-annual dividend to $0.79. The dividend is payable on Nov. 26 to shareholders of record on Nov. 18.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments