Platform Specialty Products (PAH) Misses Q3 EPS by 4c, Revenue Beats

Platform Specialty Products (NYSE: PAH) reported Q3 EPS of $0.06, $0.04 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $597 million versus the consensus estimate of $582 million.

Affirmed 2015 Guidance

On October 7, 2015, Platform revised its 2015 guidance to reflect further foreign exchange volatility, continued weakness in certain agricultural end markets, and a decision to limit "pre-season" selling activity in its Agricultural Solutions business segment. As previously stated, Platform expects its 2015 adjusted EBITDA to be within the range of $550 million to $570 million.

Sanjiv Khattri, Platform's Chief Financial Officer, said "Platform had a solid quarter in light of continued economic and currency headwinds. We are reaffirming our guidance for 2015 adjusted EBITDA."

For earnings history and earnings-related data on Platform Specialty Products (PAH) click here.

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