W.R. Grace Beats Third-Quarter Estimates by a Penny

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W.R. Grace

(GRA) - Get Report

, a specialty chemicals company, reported earnings of 51 cents a share, beating the six-analyst

First Call/Thomson Financial

consensus for 50 cents a share.

Net income in the third quarter was $34.1 million, compared with $42 million for the previous year's third quarter. Income and profit margins were hurt this year by rising fuel costs, which has hurt many chemical companies this quarter, as well as the weak euro.

The company reported earnings of 44 cents a share for the year-ago period.

Sales rose to $394.7 million from $372.2 million a year ago.