VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Methanex Corp. (MEOH) on Wednesday reported fourth-quarter earnings of $45 million.
On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 67 cents. Earnings, adjusted for non-recurring costs, were $1.24 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The methanol supplier posted revenue of $949 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $1.02 billion.
For the year, the company reported profit of $164 million, or $2.39 per share. Revenue was reported as $3.72 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MEOH at https://www.zacks.com/ap/MEOH
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