Stock Alert: Koppers Climbs 21%

(RTTNews) - Shares of treated wood products, wood treatment chemicals, and carbon compounds provider Koppers Holdings Inc. (KOP) are rising more than 21% Monday morning following better-than-expected second-quarter preliminary results.

Preliminary adjusted earnings per share from continuing operations for the second quarter were $1.27compared with $1.14 last year. Analysts polled by Thomson Reuters expected earnings of $0.73 per share.

Consolidated sales, on a preliminary basis, were $436.6 million for the second quarter compared with $443.8 million in the prior-year quarter. The consensus estimate is at $415 million.

Koppers stock is currently trading at $24.78. It has traded in the range of $8.25- $44.75 in the past 52 weeks.

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


Latest Markets Videos


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