MOSCOW (MRC) -- Huntsman Corp. (HUN) released earnings for third quarter that decreased compared to the same period last year, said Reuters.
The company said its profit fell to USD91 million, or USD0.38 per share. This was down from USD115 million, or USD0.47 per share, in last year's third quarter.
Analysts had expected the company to earn USD0.36 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 10.6% to USD2.36 billion. This was down from USD2.64 billion last year.
As MRC informed previously, in October 2014, Huntsman Corporation completed the acquisition of the Performance Additives and TiO2 businesses of Rockwood Holdings, Inc. And, in February 2015, the company announced its plans to reduce its TiO2 capacity by approximately 100,000 tons, representing 13% of Huntsman's European TiO2 capacity. As part of the plan, Huntsman is proposing to close certain operations at its site in Calais, France.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2015 revenues of over USD10 billion. Huntsman is a global manufacturer and marketer of differentiated chemicals. The company's operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. The company operates more than 100 manufacturing and R&D facilities in approximately 30 countries and employ approximately 15,000 associates within its 5 distinct business divisions.
MRC