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STOCKS CLIMB AS TSMC OUTLOOK SOOTHES AI WORRIES

Shares of chip heavyweight Nvidia briefly touched new intraday record of US$140.89

Olin: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

CLAYTON, Mo. (AP) — CLAYTON, Mo. (AP) — Olin Corp. (OLN) on Thursday reported second-quarter net income of $74.2 million.

The Clayton, Missouri-based company said it had profit of 62 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The chlor-alkali and ammunition producer' posted revenue of $1.64 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $1.71 billion.

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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 OLN at https://www.zacks.com/ap/OLN