VANCOUVER, British Columbia (AP) _ Methanex Corp. (MEOH) on Wednesday reported a fourth-quarter loss of $26.8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 35 cents. Earnings, adjusted for non-recurring costs, came to 15 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The methanol supplier posted revenue of $811.3 million in the period.
For the year, the company reported a loss of $156.7 million, or $2.06 per share, swinging to a loss in the period. Revenue was reported as $2.65 billion.
Methanex shares have fallen 26% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $34.22, a fall of slightly more than 6% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MEOH at https://www.zacks.com/ap/MEOH
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