Revenue Update on Kronos Worldwide(NYSE:KRO)

Kronos Worldwide(NYSE:KRO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 5, 2016. Company reported revenue of $356.10M. Analysts estimated a revenue of $324.50M. Earnings per share were $0.01. Analysts had estimated an EPS of $0.03.

Kronos Worldwide (KRO) made into the market gainers list on Wednesdays trading session with the shares advancing 0.94% or 0.07 points. Due to strong positive momentum, the stock ended at $7.5, which is also near the day’s high of $7.58. The stock began the session at $7.4 and the volume stood at 3,86,893 shares. The 52-week high of the shares is $8.55 and the 52 week low is $3.94. The company has a current market capitalization of $869 M and it has 11,58,94,098 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 28, 2016, Klemens Schluter (COO) purchased 5,000 shares at $5.74 per share price.Also, On Jan 28, 2016, Steven L Watson (Chairman of the Board) purchased 6,000 shares at $4.12 per share price.On Nov 12, 2015, Benjiman R Corona (President, Global Sales Mgmt) purchased 2,500 shares at $6.53 per share price, according to the Form-4 filing with the securities and exchange commission.

KRONOS Worldwide Inc. is a United States-based manufacturer of titanium dioxide. Its products include KRONOS Pigments for Coatings KRONOS Pigments for Plastics KRONOS Special Grades Titanium Chemicals Photocatalysts and KRONOS ecochem. It offers technical services for coatings plastics paper and paper laminates and weathering among others. Its coatings applications include industrial coatings architectural coatings and wood protection coatings. Its plastics applications include polyolefins/masterbatches and polystyrene. Its paper applications include cardboard paper pulp and packaging. Its man-made fiber applications include polyester and polyamide. Its other applications include concrete and other cementitious systems health food and beauty and ceramic glass and welding rods. It operates in Leverkusen Germany; Nordenham Germany; Varennes Canada and Lake Charles United States among others.

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