Markets
OLN

Olin Q2 Net Loss Widens

(RTTNews) - Olin Corp. (OLN) reported that its second-quarter net loss widened to $120.1 million or $0.76 per share from $20.0 million, or $0.12 per share last year.

Sales for the quarter were $1.24 billion, down from $1.59 million in the previous year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.49 per share and revenues of $1.24 billion. Analysts' estimates typically exclude special items.

Olin expects to benefit in 2021 from lower maintenance turnaround spending and lower capital spending compared to 2020, and the realization of the full year benefit from cost reductions completed during 2020.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

OLN

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More