Stepan Co. Announces Decline In Q2 Profit
(RTTNews) - Stepan Co. (SCL) reported a profit for second quarter that decreased from last year
The company's bottom line totaled $9.52 million, or $0.42 per share. This compares with $12.68 million, or $0.55 per share, in last year's second quarter.
Excluding items, Stepan Co. reported adjusted earnings of $9.40 million or $0.41 per share for the period.
The company's revenue for the quarter fell 4.1% to $556.41 million from $579.98 million last year.
Stepan Co. earnings at a glance (GAAP) :
-Earnings (Q2): $9.52 Mln. vs. $12.68 Mln. last year. -EPS (Q2): $0.42 vs. $0.55 last year. -Revenue (Q2): $556.41 Mln vs. $579.98 Mln last year.
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.