Innophos Q3 Profit Rises - Quick Facts

(RTTNews) - Innophos Holdings, Inc. (IPHS) reported that its third-quarter net income increased to $18.32 million from $10.94 million, last year. Earnings per participating share was $0.83, compared to $0.49.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.88 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $208.82 million, compared to $219.99 million, a year ago. Analysts expected revenue of $225.45 million for the quarter. Specialty Phosphates sales declined 4% year-over-year due in part to supply shortages of Purified Phosphoric Acid (PPA) in the US and Canada.