Calgon Carbon Corp. Earnings Retreat 50% In Q1

(RTTNews) - Calgon Carbon Corp. (CCC) revealed a profit for first quarter that declined compared to the same period last year.

The company said its earnings came in at $5.5 million, or $0.11 per share. This was down from $11.1 million, or $0.21 per share, in last year's first quarter.

Analysts had expected the company to earn $0.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 11.4% to $120.20 million. This was down from $135.70 million last year.

Calgon Carbon Corp. earnings at a glance:

-Earnings (Q1): $5.5 Mln. vs. $11.1 Mln. last year. -Earnings Decline (Y-o-Y): -50.5% -EPS (Q1): $0.11 vs. $0.21 last year. -EPS Decline (Y-o-Y): -47.6% -Analysts Estimate: $0.16 -Revenue (Q1): $120.20 Mln vs. $135.70 Mln last year. -Revenue Change (Y-o-Y): -11.4%