Lubrizol Beats Estimates With $2.45 Adjusted EPS (LZ)

Wickliffe, Ohio-based Lubrizol Corporation LZ announced on Wednesday morning that it beat consensus Wall Street estimates. Lubrizol Corporation reported that its 4th quarter net income rose to $156.7 million, or $2.35 per share, up from $134.2 million, or $1.92 per share, a year earlier. Excluding special items, the company's earnings came in at $2.45 per share. Lubrizol Corporation reported revenue of $1.32 billion, up 11% from $1.19 billion a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of $2.19 per share, on revenue of $1.29 billion. Lubrizol Corporation (LZ) closed the previous trading day at $109.75 per share. Analysts covering the company's stock give it a consensus price target of $123.43 per share. Lubrizol Corporation is an innovative specialty chemical company that produces and supplies technologies to customers in the global transportation, industrial and consumer markets. Read more from Benzinga's Company news.