Kronos Worldwide Q1 Earnings and Revenues Beat Estimates
Kronos Worldwide (NYSE: KRO) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 75%. A quarter ago, it was expected that this maker of titanium dioxide pigments would post a loss of $0.07 per share when it actually produced a loss of $0.05, delivering a surprise of 28.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Kronos Worldwide, which belongs to the Zacks Chemical – Diversified industry, posted revenues of $478.8 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 5.31%. This compares to year-ago revenues of $426.3 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Kronos Worldwide …
Full story available on Benzinga.com