Arch Chemicals (ARJ) Tops Q1 EPS Views; Reaffirms Guidance
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Arch Chemicals Inc. (NYSE: ARJ) reports Q1 EPS of $0.13, 21 cents better than the analyst estimate of $0.08 loss. Revenue for the quarter was $293.7 million, versus the consensus of $333.3 million.
For the second quarter, the Company anticipates earnings per share from continuing operations to be in the $1.15 to $1.25 per share range. The consensus is $1.31.
The Company now expects full-year 2009 sales to be approximately two to four percent lower than 2008, as the contribution from the acquisition of Advantis and higher pricing should be more than offset by unfavorable foreign exchange and lower volumes. The Company reaffirms its 2009 guidance of earnings per share from continuing operations to be in the $1.85 to $2.05 range. The consensus is $1.93.
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