Axiall Earnings: Here’s Why Investors Like These Results
Axiall Corp (NYSE:AXLL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.73%.
Axiall Corp Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 190.24% to $1.19 in the quarter versus EPS of $0.41 in the year-earlier quarter.
Revenue: Rose 46.68% to $1.27 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $1.19 per share. By that measure, the company beat the mean analyst estimate of $1.17. It beat the average revenue estimate of $1.26 billion.
Quoting Management: “We are pleased to complete the first full quarter as Axiall. We have made significant progress integrating the organizations and building on our complementary assets while maintaining a steady focus on safety and execution,” said Paul Carrico, president and chief executive officer. “We are on track to achieve our synergy targets of a $60 million run rate by year end 2013 and $115 million run rate by the end of 2014.”
Key Stats (on next page)…