Revenue Update on Sociedad Quimica y Minera de Chile (ADR)(NYSE:SQM)

Sociedad Quimica y Minera de Chile (ADR)(NYSE:SQM) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Nov 23, 2016. Company reported revenue of $504.00M. Analysts estimated a revenue of $443.21M. The revenues were $60.79M or 13.72% above the estimates. Earnings per share were $0.21. The reported EPS was below estimates by $-0.06 or NaN%. Analysts had estimated an EPS of $0.27.

Sociedad Quimica y Minera de Chile (ADR) (SQM) made into the market gainers list on Fridays trading session with the shares advancing 0.65% or 0.18 points. Due to strong positive momentum, the stock ended at $28.01, which is also near the day’s high of $28.15. The stock began the session at $27.92 and the volume stood at 5,82,446 shares. The 52-week high of the shares is $30.06 and the 52 week low is $14.695. The company has a current market capitalization of $7,372 M and it has 26,31,96,520 shares in outstanding.

Sociedad Quimica y Minera de Chile S.A. (SQM) is a producer of potassium nitrate and iodine chemicals. The Company operates in six segments: specialty plant nutrients industrial chemicals iodine and derivatives lithium and derivatives potassium and other products and services. It produces four types of specialty plant nutrients: potassium nitrate sodium nitrate sodium potassium nitrate and specialty blends. It produces iodine and iodine derivatives which are used in a range of medical pharmaceutical agricultural and industrial applications. It is also a producer of lithium carbonate which is used in a range of applications. SQM produces potassium chloride and potassium sulfate from brines extracted from the Salar de Atacama. It produces four industrial chemicals: sodium nitrate potassium nitrate boric acid and potassium chloride. In addition it sells other fertilizers and blends some of which it does not produce.

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