Kraton Corporation Announces Third Quarter 2018 Results
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Kraton Corporation (KRA) Misses Q3 EPS by 27c, Offers Outlook
October 24, 2018 4:25 PM EDTKraton Corporation (NYSE: KRA) reported Q3 EPS of $1.02, $0.27 worse than the analyst estimate of $1.29. Revenue for the quarter came in at $523.1 million versus the consensus estimate of $537.68 million.
OUTLOOK
Our expectations for the fourth quarter of 2018 are tempered by our outlook for global demand fundamentals, including the impact of tariffs and ongoing trade negotiations with China. In addition, we expect headwinds associated with inflation in transportation and logistics costs to continue for the balance of the year. Our fourth quarter results will also reflect the impact of a production outage at our Wesseling,... More
