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W.R. Grace & Co.

Grace boosts earnings but still disappoints

Grace boosts earnings but still disappoints

In the final quarter before its break-up, W.R. Grace & Co. boosted earnings by nearly a third to $20.9 million, but the results missed analyst expectations and its shares fell.

The Columbia-based chemical maker announced Thursday that it made 29 cents per share in the three months ended Dec. 31, up from 21 cents a year earlier.

Sales slipped 5.6 percent to $758.7 million in the quarter even as volumes increased due largely to the strength of the dollar.

Grace shares fell about 3 percent in Thursday trading to close at $65.91 each.

In early February, Grace split into two companies, spinning off its construction products segments into a new company called GCP...