Univar: 4Q Earnings Snapshot
DOWNERS GROVE, Ill. (AP) _ Univar Inc. (UNVR) on Friday reported fourth-quarter earnings of $1.2 million.
On a per-share basis, the Downers Grove, Illinois-based company said it had net income of 1 cent. Earnings, adjusted for one-time gains and costs, came to 33 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The specialty chemicals company posted revenue of $1.97 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $2.02 billion.
Univar shares have increased 19 percent since the beginning of the year. The stock has declined 21 percent in the last 12 months.
By The Associated Press, Copyright 2019