May 8, 2013.Kronos Worldwide, Inc. (NYSE:KRO) today reported a net loss for the first quarter of 2013 of $41.1 million, or $.35 per share, compared to net income of $136.9 million, or $1.18 per share, in the first quarter of 2012.
Kronos Worldwide, Inc. (NYSE:KRO) was in 4 hedge funds' portfolio at the end of the fourth quarter of 2012. KRO shareholders have witnessed a decrease in support from the world's most elite money managers in recent months.
Revenue: Decreased 17.41% to $463.6 million from the year-earlier quarter. Actual vs. Wall St. Expectations: Kronos Worldwide Inc. reported adjusted EPS loss of $0.35 per share. By that measure, the company missed the mean analyst estimate of $0.08.
NEW YORK, May 13, 2013 (BUSINESS WIRE) -- Fitch Ratings has downgraded the Issuer Default Rating (IDR) and senior secured term loan of Kronos Worldwide, Inc. (NYSE:KRO) to 'BB-' from 'BB'. A complete list of rating actions is at the end of this release.
Fitch Downgrades Kronos Worldwide's IDR To 'BB-'; Outlook Stable. 5/13/2013 7:56 PM ET. Fitch Ratings said Monday that it has downgraded the Issuer Default Rating and senior secured term loan of Kronos Worldwide, Inc. (KRO: Quote) to 'BB-' from 'BB'.
Kronos Worldwide (NYSE: KRO) last released its earnings data on Wednesday, May 8th. The company reported ($0.35) earnings per share for the quarter, missing the analysts' consensus estimate of $0.08 by $0.43.