Koppers Holdings Inc. Q1 Profit Decreases, misses estimates

(RTTNews) - Koppers Holdings Inc. (KOP) announced a profit for first quarter that decreased from last year and missed the Street estimates.

The company's earnings totaled $13.0 million, or $0.59 per share. This compares with $25.5 million, or $1.19 per share, in last year's first quarter.

Excluding items, Koppers Holdings Inc. reported adjusted earnings of $13.6 million or $0.62 per share for the period.

Analysts on average had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.1% to $497.6 million from $513.4 million last year.

Koppers Holdings Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $13.0 Mln. vs. $25.5 Mln. last year. -EPS (Q1): $0.59 vs. $1.19 last year. -Revenue (Q1): $497.6 Mln vs. $513.4 Mln last year.