Methanex Downgraded To Neutral
We have downgraded our long-term recommendation on Methanex Corporation (NASDAQ:MEOH) to Neutral from Outperform following its mixed first-quarter 2012 results. The company’s earnings of 23 cents per share in the quarter missed the Zacks Consensus Estimate of 36 cents. However, revenues of $666 million increased 7.6% year over year, beating the Zacks Consensus Estimate of [...]
We have downgraded our long-term recommendation on Methanex Corporation (NASDAQ:MEOH) to Neutral from Outperform following its mixed first-quarter 2012 results. The company’s earnings of 23 cents per share in the quarter missed the Zacks Consensus Estimate of 36 cents. However, revenues of $666 million increased 7.6% year over year, beating the Zacks Consensus Estimate of $633 million.
The company’s facility in Chile operated below the site capacity during the quarter due to curtailed natural … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards