Orion Engineered Carbons-Orion (OEC) Lags Q1 Earnings and Revenue Estimates

Orion (OEC) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of$ 0.53 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -58.49%. A quarter ago, it was expected that this producer of the chemcial additive carbon black would post earnings of$ 0.25 per share when it actually produced earnings of $0.35, delivering a surprise of 40%.Over the last f ...