VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Methanex Corp. (MEOH) on Thursday reported third-quarter profit of $265 million.
The Vancouver, British Columbia-based company said it had profit of $3.42 per share. Earnings, adjusted for non-recurring costs, came to $3.69 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.17 per share.
The methanol supplier posted revenue of $1.39 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $1.29 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 MEOH at https://www.zacks.com/ap/MEOH
