Market Overview

Recap: Trecora Resources Q3 Earnings

Share:

Shares of Trecora Resources (NYSE:TREC) were unchanged in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 33.33% year over year to $0.04, which were in line with the estimate of $0.04.

Revenue of $47,747,000 declined by 23.87% from the same period last year, which missed the estimate of $53,500,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Trecora Resources hasn't issued any revenue guidance for the time being.

Recent Stock Performance

52-week high: $9.07

52-week low: $4.23

Price action over last quarter: Up 0.80%

Company Profile

Trecora Resources manufactures specialty petrochemical products and synthetic waxes and provides custom processing services. The company operates in two segments namely manufacturing of various specialty petrochemical products and the manufacturing of specialty synthetic waxes. Its petrochemical products can be used for producing polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands. The specialty synthetic waxes are used in many different products, including paints, inks, adhesives, coatings, and PVC lubricants. It derives maximum revenue from its petrochemical offerings. Geographically, the company operates in the United States.

 

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Posted-In: Earnings