Axalta Earns 26 Cents per Share

Axalta Coating Systems (AXTA) reported earnings of 26 cents per share.

Axalta Coating Systems Ltd. on Thursday reported third-quarter net income of $54.9 million, after reporting a loss in the same period a year earlier.

The Philadelphia-based company said it had profit of 22 cents per share. Earnings, adjusted for one-time gains and costs, were 26 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The high-performance coating system maker posted revenue of $1.1 billion in the period, which matched Street forecasts.

Posted by on October 26th, 2017 at 1:28 pm


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