Huntsman Shares Fall After 2Q Net Loss

Dow Jones
08/01
 

Shares of Huntsman fell after the company reported a net loss for the second quarter.

Shares were recently down about 19% at $9.76 on Friday. The stock is down about 15% over the past six months.

The global manufacturer of chemical products reported a net loss of $6 million, or 3 cents a share, compared with a net loss of $158 million, or 92 cents a share, a year earlier.

Revenue was $1.66 billion, up from $1.46 billion a year earlier. Analysts polled by FactSet expected about $1.60 billion.

Management said higher raw material and energy costs, particularly in Europe, and continued softness in construction end markets weighed on results.

 
 

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