Lubrizol Third-Quarter Profit Up 24%

Specialty chemical and lubricant maker Lubrizol said its quarterly profit rose 24% as volume and prices rose.

For the third quarter, the company posted net income of $211.8 million, or $3.08 per share, compared with $170.5 million, or $2.46 per share, a year earlier.

Analysts on average expected earnings of $2.62 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the numbers were comparable.

Revenue at the Wickliffe, Ohio-based company rose 8.6% to $1.38 billion. Analysts expected $1.41 billion.