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Methanex: 2Q Earnings Snapshot
Original Publication Date: July 29, 2020 7:57AM
Publication Updated: April 18, 2025 1:19AM
VANCOUVER, British Columbia (AP) _ Methanex Corp. (MEOH) on Wednesday reported a second-quarter loss of $64.8 million, after reporting a profit in the same period a year earlier.
The Vancouver, British Columbia-based company said it had a loss of 85 cents per share. Losses, adjusted for non-recurring costs, came to 84 cents per share.
The methanol supplier posted revenue of $512.3 million in the period.
Methanex shares have dropped 48% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.12, a decline of 49% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MEOH at https://www.zacks.com/ap/MEOH
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