Extract
Chemtura Reports 2007 Third Quarter Results.
* Net sales increase 9% as all businesses report increased revenues
* Polymer Additives business saw slowdown in electronics end markets and continuation of higher raw material costs, impacting gross profit margins * Electronics orders for the fourth quarter have shown an upturn in September and October * Operating profit rose 148% (GAAP basis) and 17% (non-GAAP basis) MIDDLEBURY, Conn. -- Chemtura Corporation (NYSE: CEM; the "Company") reported net earnings of $2 million, or $0.01 per share, for the third quarter of 2007 and net earnings on a non-GAAP basis of $19 million, or $0.08 per share. Net earnings for the quarter include earnings from continuing operations of $4 million, or $0.02 per share; and loss on the sale of discontinued operations of $2 million, or $0.01 per share. On a non-GAAP basis, net earnings include income from continuing operations of $19 million, or $0.08 per share. The discussion below includes...See the full content of this document
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