Fri, Aug 5, 2022 6:42 AM
STATS Perform dba Automated Insights
PARSIPPANY, N.J. (AP) _ AdvanSix Inc. (ASIX) on Friday reported second-quarter earnings of $65.2 million.
The Parsippany, New Jersey-based company said it had profit of $2.23 per share. Earnings, adjusted for stock option expense and non-recurring costs, were $2.30 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.39 per share.
The polymer resins producer posted revenue of $583.7 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $557.5 million.
AdvanSix shares have dropped 19% since the beginning of the year. The stock has increased slightly more than 9% in the last 12 months.