MALVERN, Pa. (AP) — PQ Group Holdings Inc. (PQG) on Thursday reported third-quarter profit of $26.7 million.
On a per-share basis, the Malvern, Pennsylvania-based company said it had profit of 20 cents. Earnings, adjusted for non-recurring costs, were 36 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The specialty chemical producer posted revenue of $423.8 million in the period.
PQ Group expects full-year earnings in the range of 84 cents to 87 cents per share, with revenue in the range of $1.56 billion to $1.58 billion.
PQ Group shares have increased 11% since the beginning of the year. The stock has climbed 7% in the last 12 months.