Chemtura Posts Loss Amid Revenue Growth

(RTTNews) - Chemtura Corp. (CHMT), a maker of specialty chemical solutions, Monday reported fourth-quarter net loss of $21 million or $0.22 per share compared with net income of $20 million or $0.20 per share last year.

Results for the recent quarter included loss from discontinued operations of $31 million while the prior year had other income of $23 million.

Excluding items, managed earnings for the quarter were $37 million or $0.16 per share compared with $10 million or $0.10 per share a year ago.

Revenues for the quarter were $544 million compared with $533 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.11 per share on revenues of $533.53 million for the quarter. Analysts' estimates typically exclude special items.

For fiscal year 2014, the company continues to expect revenue growth of 8 percent to 10 percent.