Kronos Worldwide Earnings: Everything You Must Know Now
Kronos Worldwide Inc. (NYSE:KRO) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.
Kronos Worldwide Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.35 in the quarter versus EPS of $1.18 in the year-earlier quarter.
Revenue: Decreased 17.41% to $463.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Kronos Worldwide Inc. reported adjusted EPS loss of $0.35 per share. By that measure, the company missed the mean analyst estimate of $0.08. It beat the average revenue estimate of $452.83 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 16.83% from $396.8 million in the previous quarter. EPS decreased to $-0.35 in the quarter versus EPS of $-0.12 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.37 to a profit $0.24. For the current year, the average estimate has moved down from a profit of $1.26 to a profit of $0.88 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)