Axalta easily beats estimates on cost cuts despite lower YOY demand

Axalta easily beats estimates on cost cuts despite lower YOY demand
WESPECH PTE LTD
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22.10.2020

MOSCOW (MRC) -- Axalta reported third-quarter net income up 26.0% year-on-year (YOY), to USD82.5 million, on net sales down 7.2%, to USD1.03 billion, said Chemweek.Adjusted earnings totaled 59 cents/share, up 13.5% YOY and easily beating analysts' consensus estimate of 33 cents/share, as reported by Refinitiv (New York, New York). The decline in sales was driven by a 6.0% YOY drop in volu

Full article at mrcplast.com

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