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SQM: 3Q Earnings Snapshot

Associated Press
Updated

SANTIAGO, Chile (AP) _ Sociedad Quimica y Minera de Chile SA (SQM) on Wednesday reported third-quarter earnings of $60.5 million.

The Santiago, Chile-based company said it had profit of 23 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The chemicals company posted revenue of $473.1 million in the period.

SQM shares have dropped 39% since the beginning of the year. The stock has declined 44% 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 SQM at https://www.zacks.com/ap/SQM