Huntsman Corporation (HUN) announced on Monday a net loss of $33 million, translating to a loss of $0.19 per share. This contrasts with the break-even results recorded in the same quarter of the previous year, primarily attributed to a loss from discontinued operations.
On an adjusted basis, the company's earnings amounted to $17 million or $0.10 per share, compared to $27 million or $0.15 per share in the previous year.
Analysts surveyed by Thomson Reuters had, on average, projected earnings of $0.09 per share for the quarter.
Revenue saw an increase, rising to $1.54 billion from $1.506 billion in the prior year.
