Methanex Q3 Profit Reaches $265 Million, Tops Wall Street Estimates

Methanex Corp. (MEOH) on Thursday reported third-quarter profit of $265 million, with adjusted earnings and revenue both surpassing analyst expectations. The Vancouver-based methanol supplier posted earnings of $3.42 per share, or $3.69 per share adjusted for non-recurring costs. The average estimate of three analysts surveyed by Zacks Investment Research was $3.17 per share. Revenue for the period came to $1.39 billion, beating the $1.29 billion forecast by the same three analysts.