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05.11.2014 19:03:28
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Platform Specialty Profit Falls Despite Revenue Growth
(RTTNews) - Platform Specialty Products Corp (PAH), a maker of specialty chemicals, Wednesday reported third-quarter net earnings to stockholders of $11.9 million or $0.08 per share. This compares with a profit of $13.5 million in the prior-year quarter.
Excluding items, adjusted earnings for the quarter were $0.19 per share compared with $0.16 per share a year ago.
Revenues for the quarter were $196.8 million compared with $188.4 million in the prior year.
Results were mainly hurt by operating expenses that rose to $79.9 million from $60.4 million last year.
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