UPDATE: Rockwood Q2 Net Profit Drops 86%

Rockwood Holdings ROC reported an 86% drop in its second-quarter profit. Rockwood's quarterly net income declined to $32.3 million, or $0.41 per share, from $224.9 million, or $2.81 per share, in the year-ago period. Its revenue gained around 7% to $972.3 million. Rockwood shares closed at $68.24 on Friday.