Revenue Update on NL Industries Inc(NYSE:NL)

NL Industries Inc(NYSE:NL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 5, 2016. Earnings per share were $0.02. Analysts had estimated an EPS of $0.02.

NL Industries Inc (NL) shares turned negative on Wednesdays trading session with the shares closing down -0.04 points or -1.32% at a volume of 8,011. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.04. The peak price level was also seen at $3.04 while the days lowest was $2.99. Finally the shares closed at $3. The 52-week high of the shares is $4.8 while the 52-week low is $1.92. According to the latest information available, the market cap of the company is $146 M.

NL Industries Inc. is a holding company. The Company operates in the component products industry through its majority-owned subsidiary CompX International Inc (CompX). The Company operates in the chemicals industry through its non-controlling interest in Kronos Worldwide Inc (Kronos). CompX is a manufacturer of engineered components utilized in a variety of applications and industries. Through its Security Products operations CompX manufactures mechanical and electronic cabinet locks and other locking mechanisms used in recreational transportation postal office and institutional furniture cabinetry tool storage and healthcare applications. CompX also manufactures stainless steel exhaust systems gauges and throttle controls for the recreational marine and other industries through its Marine Components operations. Kronos is a producer and marketer of value-added titanium dioxide pigments (TiO2).

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