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Israel Chemicals Posts Upbeat Q3 Net Profit

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Israel Chemicals Posts Drop In Q3 Profit

Israel Chemicals (OTC: ISCHY) posted a drop in its third-quarter net profit.

ICL's quarterly net profit declined to $395 million, versus $436 million, in the year-ago period. Its revenue dropped to $1.818 billion from $1.898 billion.

Analysts were expecting earnings of $383 million on revenue of $1.833 billion.

ICL also announced its plans to pay a dividend of $276 million in the third quarter, versus $285 million in the second quarter.

Israel Chemicals shares dropped 0.34% to close at $11.84 yesterday.

Posted-In: profitEarnings News

 

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