NewzPITTSBURGH (AP) — PITTSBURGH (AP) — 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.
_____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KOP at https://www.zacks.com/ap/KOP Source NEW YORK (AP) — NEW YORK (AP) — Fox Corp.
(FOXA) on Thursday reported fiscal fourth-quarter earnings of $691 million. On a per-share basis, the New York-based company said it had profit of $1.61. Earnings, adjusted for one-time gains and costs, were $1.79 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share. The TV broadcasting company posted revenue of $4.21 billion in the period, which also beat Street forecasts.
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