Tronox: 4Q Earnings Snapshot

GRIMSBY, Britain (AP) _ Tronox Holdings plc (TROX) on Tuesday reported break-even earnings in its fourth quarter.

The Grimsby, Britain-based company said it had profit that was less than 1 cent on a per-share basis. Earnings, adjusted for non-recurring costs, came to 14 cents per share.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 14 cents per share.

The producer of titanium ore and titanium dioxide posted revenue of $693 million in the period.

For the year, the company reported that its loss widened to $109 million, or 78 cents per share. Revenue was reported as $2.64 billion.

Tronox expects full-year earnings in the range of 55 cents to $1.10 per share, with revenue in the range of $3 billion to $3.3 billion.

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Tronox shares have declined 34% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.57, a drop of 37% in the last 12 months.

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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 TROX at https://www.zacks.com/ap/TROX

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