Benzinga | Jul 29, 2020 05:44PM EDT

Recap: Trinseo Q2 Earnings

Shares of Trinseo (NYSE:TSE) fell 5.98% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 397.98% over the past year to ($2.95), which missed the estimate of ($1.68).

Revenue of $569,700,000 declined by 40.14% year over year, which missed the estimate of $636,360,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Trinseo hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $50.14

52-week low: $14.16

Price action over last quarter: Up 32.63%

Company Profile

Trinseo SA manufactures synthetic rubber, latex, and plastics products in six segments. latex binders produces binding latex for artificial turf and carpet. The firm manufactures synthetic rubber, used in tires and footwear, in its synthetic rubber segment. Performance plastics creates plastic blends for automotive end markets and consumer products. The polystyrene segment makes polystyrene, which clients use to construct appliances and disposable packaging. The company creates styrene monomer, used to create plastic, in its feedstocks segment. Trinseo and Chevron Phillips co-own the Americas styrenics segment, in which they manufacture polystyrene and styrene monomer for North America. The majority of revenue comes from Europe.