Tronox Q3 Loss Widens, Declares Dividend - Quick Facts

(RTTNews) - Tronox Ltd. (TROX) reported a third-quarter net loss of $93 million or $0.82 per share, wider than $49 million or $0.43 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter were $0.05 per share, compared to a loss of $0.48 per share in the year-ago quarter.

Net sales for the quarter declined 5 percent to $429 million from $491 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.17 per share on revenues of $477.17 million for the quarter. Analysts' estimates typically exclude special items.

The company's board also declared a quarterly dividend of $0.25 per share, payable on December 3 to shareholders of record of company's Class A and Class B ordinary shares at close of business on November 17, 2014.

Stamford, Connecticut-based Tronox produces mineral sands, titanium dioxide pigment and electrolytic products.