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Lubrizol Profit Falls On Lower Chemical Sales
Stock quotes in this article:
LZ
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CLEVELAND (AP) — The Lubrizol Corp. said Thursday that its first-quarter profit fell on an 18 percent drop in sales as demand for specialty chemicals weakened in the recession.
The earnings still beat expectations and its shares rose more than 3 percent.
The company said it earned $64.2 million, or 95 cents per share, for the three months ended March 31 compared with $73.6 million, or $1.06 per share, a year ago. ...
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