Innophos (IPHS) Earnings Lag Estimates In Q3, Revenues Beat
Zacks Investment Research | Nov 12, 2019 06:07AM ET
Innophos Holdings, Inc. (NASDAQ:IPHS) logged a profit of around $6 million or 32 cents per share in third-quarter 2019, down around 54% from a profit of roughly $14 million or 71 cents a year ago. The bottom line in the year-ago quarter gained from a tax benefit of $6 million.
Barring one-time items, the company’s adjusted earnings were 45 cents per share in the quarter, down 24% year over year. It also missed the Zacks Consensus Estimate of 53 cents.
Revenues were $189 million for the reported quarter, down around 4% year over year, as higher pricing was offset by lower volumes due to the discontinuation of the low-margin nutrition trading business, softer demand and the indirect effects of tariffs. Sales, however, surpassed the Zacks Consensus Estimate of $185 million.
Innophos Holdings, Inc. Price, Consensus and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.