Koppers Holdings: Slides after dour outlook

Koppers Holdings

19/11/2020 18:14

** Chemical company's  KOP.N  shares down 6.4% at $24.37,
set for a third straight session of losses
    ** Koppers expects 2020 sales to be about $1.6 bln, compared
with analysts' avg estimate of $1.64 bln  urn:newsml:reuters.com:*:nPn6myRtWa
    ** The company estimates annual adjusted EPS to be in the
range of $3.65 to $3.90, the midpoint of which is below Street
estimates $3.83/shr - IBES Refinitv
    ** Says October sales fell 4.1% to $135.2 mln
    ** Positive trends experienced in the third quarter have
thus far carried into the early part of the fourth quarter, and
are expected to persist for the remainder of the year - KOP
    ** Stock has shed 36.4% in value so far this year

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))