Update: Balchem Shares Rise After Q3 Beat

MT Newswires Live10-24 03:30

(Updates with the latest stock price movement in the headline and the first paragraph.)

Balchem (BCPC) shares rose 2.3% on Friday after the company posted better-than-expected Q3 results.

The company reported Q3 adjusted earnings of $1.57 per diluted share, compared with $1.35 a year earlier.

Two analysts surveyed by FactSet expected $1.54.

Net sales for the quarter ended Sept. 30 were $290.7 million, compared with $267.6 million a year earlier.

Three analysts expected $289.3 million.

Price: 177.26, Change: +4.03, Percent Change: +2.33

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