SQM: Q1 Earnings Snapshot

SANTIAGO CHILE, Chile (AP) _ Sociedad Quimica y Minera de Chile SA (SQM) on Thursday reported first-quarter net income of $796.1 million.

On a per-share basis, the Santiago Chile, Chile-based company said it had profit of $2.79.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.

The chemicals company posted revenue of $2.02 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $1.28 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 SQM at https://www.zacks.com/ap/SQM