Here's Why Sociedad Quimica y Minera de Chile SA Fell 16.4% in August
Shares of Sociedad Quimica y Minera de Chile SA (NYSE: SQM) fell more than 16% last month, according to data provided by S&P Global Market Intelligence. The company, also known as SQM, reported second-quarter and first-half 2019 operating results that reflected the numerous headwinds it faces in its core markets.
The lithium segment reported a 25% decline in revenue in the first half of 2019 compared to the year-ago period, while the specialty plant nutrition segment saw revenue decline 11% in that span. That sapped total revenue 14% and gross profit 31% in the year-over-year period.
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Source Fool.com
