Calgon Carbon Earnings Beat Analysts’ Estimates on Higher Prices

Calgon Carbon Corp. (CCC), the Pittsburgh-based provider of water-purification systems, reported second-quarter earnings that beat analysts’ estimates as prices increased.

Net income increased 19 percent to $13 million, or 24 cents a share, from $10.9 million, or 19 cents, a year earlier, Calgon said today in a statement. That exceeded by 2 cents the average of seven analysts’ estimates compiled by Bloomberg. Sales fell 5.4 percent to $140.4 million. The drop was offset by increased prices and higher demand in Japan, the company said.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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