Israel Chemical (ICL) Misses Q1 EPS by 2c

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Go back to Israel Chemical (ICL) Misses Q1 EPS by 2c

ICL Reports Q1 2016 Results

May 18, 2016 6:25 AM EDT

TEL AVIV, Israel, May 18, 2016 /PRNewswire/ -- ICL (NYSE & TASE: ICL), a leading global specialty minerals and specialty chemicals company, today reported its financial results for the first quarter ended March 31, 2016.

The company's lower sales in the quarter is attributed primarily to a decrease in volumes sold and a drop in selling prices, primarily in ICL's fertilizers' segment (mainly potash), sales of non-core businesses and changes in currency exchange rates (mainly a devaluation of the euro and the pound against the dollar compared to the first quarter of 2015) which were partly offset by the... More