Tronox: 2Q Earnings Snapshot
Posted July 29, 2020 4:06 pm.
Last Updated July 29, 2020 4:18 pm.
This article is more than 5 years old.
GRIMSBY, Britain (AP) _ Tronox Holdings plc (TROX) on Wednesday reported a loss of $4 million in its second quarter.
The Grimsby, Britain-based company said it had a loss of 3 cents per share. Earnings, adjusted for non-recurring costs and pretax expenses, came to 3 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The producer of titanium ore and titanium dioxide posted revenue of $578 million in the period.
Tronox shares have fallen 27% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.32, a decrease of 27% in the last 12 months.
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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 TROX at https://www.zacks.com/ap/TROX
The Associated Press
