Olin Q1 Mixed Estimates

Olin’s (OLN) diluted EPS rose to $0.12 in Q1 from $0.08 a year earlier, but still missing analysts’ estimates of $0.19 in a Capital IQ poll.

Revenue rose to $1.71 billion from $1.57 billion, exceeding the $1.62 billion estimate.

Based on the positive outlook for both Chlor Alkali Products and Vinyls and Epoxy pricing and volumes, the company said its 2018 full year results outlook has more upside opportunity than downside risk, as it repeats its 2018 adjusted Ebitda forecast of $1.25 billion.

The company also said it plans to buy back $500 million of its shares.

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