PITTSBURGH (AP) 鈥� PITTSBURGH (AP) 鈥� Koppers Holdings Inc. (KOP) on Thursday reported a loss of $147.5 million in its second quarter.
On a per-share basis, the Pittsburgh-based company said it had a loss of $7.71. Earnings, adjusted for one-time gains and costs, came to $1.37 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The maker of chemicals, carbon compounds and wood treatment products posted revenue of $520.1 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $506.1 million.
Koppers expects full-year earnings in the range of $3.80 to $4.20 per share, with revenue in the range of $1.9 billion to $2 billion.
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