Platform Specialty Products (PAH) Stock Declines on Mixed Earnings

NEW YORK (TheStreet) -- Platform Specialty Products (PAH) shares are down 5.93% to $25.86 in early market trading on Tuesday after the chemical products manufacturer reported a first quarter net loss before the opening bell today.

The West Palm Beach-based company reported a first quarter net loss of $26.7 million, or 21 cents per diluted share of an adjusted basis, topping analysts' expectations of 17 cents per share by four cents.

The company also reported first quarter revenue of $534.80 million, falling short of analysts' $566.60 million expectations for the period.

"We are extremely pleased with our financial performance this quarter, especially in the context of a challenging agrochemical industry landscape and currency headwinds," said CFO Frank J. Monteiro. "The underlying health of our business is evident from our double-digit constant currency growth. Our strong operating performance is attributable to robust sales of our high margin products in the agrochemical business and healthy demand for products within our Electronic Solutions end market."

PAH Chart PAH data by YCharts

Must Read: Warren Buffett's Top 25 Stocks for 2015

More from Markets

Video: Jim Cramer Reveals Why He's Cautious on Stocks

Video: Jim Cramer Reveals Why He's Cautious on Stocks

Stocks Slide Amid a Rise in Bond Yields, Strong Earnings

Stocks Slide Amid a Rise in Bond Yields, Strong Earnings

Jim Cramer on Earnings: All Stories Aren't Equal

Jim Cramer on Earnings: All Stories Aren't Equal

4 Stocks Making Important Moves Wednesday

4 Stocks Making Important Moves Wednesday

Dow Futures Turn Positive After Boeing Earnings Blowout; Twitter Boosts Nasdaq

Dow Futures Turn Positive After Boeing Earnings Blowout; Twitter Boosts Nasdaq