PITTSBURGH (AP) — PITTSBURGH (AP) — Koppers Holdings Inc. (KOP) on Friday reported third-quarter net income of $14.7 million.
The Pittsburgh-based company said it had net income of 75 cents per share. Earnings, adjusted for one-time gains and costs, came to 77 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The maker of chemicals, carbon compounds and wood treatment products posted revenue of $499.1 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $518.6 million.
Koppers expects full-year earnings in the range of $3.10 to $3.25 per share, with revenue expected to be $1.9 billion.
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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
