Tronox Inc (TROX) said after close Wednesday that it lost $0.08 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $662 million, missing estimates by $48.2 million.
In the same quarter a year ago, the company earned $0.69 per share on revenue of $895 million.
The stock is up 5.37% to $10.99 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 37. Meanwhile, the average Wall Street analyst rated the stock a Buy.
Tronox Holdings PLC mines, manufactures and sells titanium dioxide (TiO2) mineral sands and soda ash. The firm organizes itself into one reportable segment, TiO2. The TiO2 segment mines mineral sand deposits and products, TiO2 and titanium feedstock, which are used to produce primarily paints and coatings, as well as plastics, paper, and printing ink. Tronox has three pigment production facilities in the United States, the Netherlands, and Western Australia and three mining operations in Western Australia and South Africa. North America, Europe, Middle East, and Africa, and Asia-Pacific regions contribute the vast majority of revenue.
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Tronox Inc Up 5.37% To $10.99 After Earnings Miss
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