Innospec Inc. (NASDAQ:IOSP) is reporting third quarter financial results on Tuesday 3rd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, IOSP is expected to report 3Q20 income of $ 0.34 per share from revenue of $ 277.60 million.
For the full year, analysts anticipate top line of $ 1212.85 million, while looking forward to income of $ 2.37 per share bottom line.
Previous Quarter Performance
Innospec Inc. unfold loss for the second quarter of $ 0.18 per share, from the revenue of $ 244.90 million. Wall street analysts are predicting, IOSP to report 2Q20 income of $ 0.20 per share from revenue of $ 278.65 million. The bottom line results missed street analysts by $ 0.38 or 190 percent, at the same time, top line results fell short of analysts by $ 33.75 million or 12.11 percent.
Stock Performance
Shares of Innospec Inc. traded up $ 2.21 or 3.34 percent on Monday, reaching $ 68.35 with volume of 108.60 thousand shares. Innospec Inc. has traded high as $ 68.35 and has cracked $ 66.79 on the downward trend
The closing price of $ 68.35, representing a 16.63 % increase from the 52 week low of $ 56.71 and a 38.67 % decrease over the 52 week high of $ 107.85.
The company has a market capital of $ 1.68 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Innospec Inc. develops, manufactures, blends, markets, and supplies specialty chemicals worldwide. It operates through four segments: Fuel Specialties, Performance Chemicals, Oilfield Services, and Octane Additives.
