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Koppers Holdings shares plunge 24.39% on weak third-quarter results

The Motley Fool +1 · ·by G4L

KOP
KOP Koppers Holdings Inc
$29.33 -2.14%
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  1. 1Koppers Holdings third-quarter revenue slightly exceeded 499 million dollars, up from 485 million dollars in the same period last year.
  2. 2Koppers' third-quarter adjusted net income (non-GAAP) slightly exceeded 15 million dollars, but both that figure and third-quarter earnings per share of 0.77 dollars fell short of market expectations.
  3. 3Koppers Holdings lowered several items in its annual guidance.

So what's the key point?

Koppers Holdings' third-quarter profits were lower than what experts expected. The stock price fell 24.39% because the company also lowered its outlook for how much money it will earn over the full year.

Source The Motley Fool +1 · View original ↗

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