Revenue Update on Chemtura Corp(NYSE:CHMT)

Chemtura Corp(NYSE:CHMT) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $376.000M. Analysts estimated a revenue of $386.470M. The revenues were -2.71% below the estimates. Earnings per share were $0.34. The reported EPS was below estimates by -17.07%. Analysts had estimated an EPS of $0.41.

Chemtura Corp (CHMT) remained unchanged at the close of Wednesday session. Even as the volume increased to 2,94,423 ,the shares failed to make any impression and ended at 0 points or 0.00% at $33.1. The trading session commenced at $33.1 and the stock hit a high of $33.1758 and touched $33.1 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $33.35 and the 52-week low is $23.8. The company has a market cap of $2,085 M and has approximately 6,30,02,260 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Dec 14, 2016, Simon D. Medley (officer ) sold 10,512 shares at $33.16 per share price.Also, On Aug 23, 2016, Dalip Puri (VP and Treasurer) sold 1,900 shares at $31.48 per share price.On May 5, 2016, Billie S. Flaherty (EVP, Gnrl. Counsel & Secretary) sold 3,993 shares at $26.91 per share price, according to the Form-4 filing with the securities and exchange commission.

Chemtura Corporation (Chemtura) is a global developer manufacturer and marketer of engineered industrial specialty chemicals. The Company’s products are sold to industrial manufacturing customers for use as additives ingredients or intermediates that add value to their end products. The Company operates in two segments: Industrial Performance Products and Industrial Engineered Products. Its Industrial Performance Products segment is a global manufacturer and marketer of lubricant additive components synthetic lubricant base-stocks synthetic finished fluids calcium sulfonate specialty greases and phosphate and polyester-based fluids and also engaged in the development and production of hot cast elastomer pre-polymers. Its Industrial Engineered Products segment is a global developer and manufacturer of bromine and bromine-based products and organometallic compounds. Its operations are located in North America Latin America Europe and Asia.

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