Chemours suffers multi-million loss

Associated Press

Chemours Co. (CC) on Monday reported a loss of $18 million in its second quarter.

The Wilmington, Delaware-based company said it had a loss of 10 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 27 cents per share.

The chemical company posted revenue of $1.38 billion in the period.

Chemours shares have climbed 74 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $9.31, a fall of 16 percent in the last 12 months.