CLAYTON, Mo. (AP) — CLAYTON, Mo. (AP) — Olin Corp. (OLN) on Thursday reported a loss of $13.3 million in its second quarter.
The Clayton, Missouri-based company said it had a loss of 12 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, came to 7 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.
The chlor-alkali and ammunition producer’ posted revenue of $1.74 billion in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $1.72 billion.
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