THE WOODLANDS, Texas (AP) _ Huntsman Corp. (HUN) on Tuesday reported a second-quarter loss of $62 million, after reporting a profit in the same period a year earlier.
The The Woodlands, Texas-based company said it had a loss of 28 cents per share. Losses, adjusted for one-time gains and costs, came to 14 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The chemical company posted revenue of $1.25 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.09 billion.
Huntsman shares have dropped 18% since the beginning of the year. The stock has decreased 5.5% in the last 12 months.