Chemical Stocks' Q2 Earnings Slated On Aug 5: KRO, NL, VHI
Zacks Investment Research | Aug 04, 2016 06:42AM ET
A few chemical companies are slated to report their quarterly results on Aug 5. The chemical industry is clawing its way back after being shaken by the global economic crisis. Chemical makers are benefiting from strategic measures including expansion into high-growth markets, aggressive cost management and productivity actions as well as acquisitions.
However, the industry faces certain roadblocks including a still weak agriculture market, weak demand in the energy space (given depressed oil prices) and slowdown in China.
As per the Zacks Industry classification, the chemical industry is grouped under the broader Basic Materials sector. Earnings for sector participants on the S&P 500 index that have unveiled their quarterly numbers thus far are down 5.9% from the same period last year while revenues have declined 10.1%, according to the latest Zacks Investment Research
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