UPDATE: KMG Chemicals Reports Upbeat Q1 Profit

KMG Chemicals Inc

reported better-than-expected first-quarter profit. KMG Chemicals reported its quarterly net income at $3.5 million, or $0.31 per share. However, analysts were expecting earnings of $0.30 per share. KMG Chemicals' revenue climbed 18% to $73.3 million. KMG Chemicals shares gained 1.07% to close at $15.16 yesterday.