Ingevity: Q4 Earnings Snapshot
NORTH CHARLESTON, S.C. (AP) — NORTH CHARLESTON, S.C. (AP) — Ingevity Corporation (NGVT) on Wednesday reported a loss of $116.8 million in its fourth quarter.
NORTH CHARLESTON, S.C. (AP) — NORTH CHARLESTON, S.C. (AP) — Ingevity Corporation (NGVT) on Wednesday reported a loss of $116.8 million in its fourth quarter.
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The North Charleston, South Carolina-based company said it had a loss of $3.23 per share. Earnings, adjusted for one-time gains and costs, came to 21 cents per share.
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The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The company posted revenue of $371.7 million in the period.
For the year, the company reported a loss of $5.4 million, or 15 cents per share. Revenue was reported as $1.69 billion.
Ingevity expects full-year revenue in the range of $1.4 billion to $1.55 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NGVT at https://www.zacks.com/ap/NGVT