Platform Specialty (PAH) Stock Jumps as Q2 Revenue Tops Estimates

NEW YORK (TheStreet) -- Shares of Platform Specialty Products (PAH) were rising 5.94% to $9.98 in pre-market trading on Monday after the company reported higher-than-expected revenue for the 2016 second quarter.

Before today's market open, the West Palm Beach, FL-based specialty chemical company posted revenue of $922 million, above analysts' estimates of $888 million.

Adjusted earnings of 16 cents per diluted share missed Wall Street's forecasts of 20 cents per share.

"This was a strong quarter for Platform despite the weakness we are seeing in several of our end markets. Our businesses are demonstrating their resilience in these growth-starved times for our key industries," CEO Rakesh Sachdev said in a statement.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D+ on the stock.

The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: PAH

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