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Shares of Innophos Holdings (IPHS -10.7%) sink after the specialty ingredients maker turns in a...
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Tuesday, August 7, 2012, 12:36 PM ETShares of Innophos Holdings (IPHS -10.7%) sink after the specialty ingredients maker turns in a Q2 profit well below Street estimates amid reduced market demand and higher raw material costs. IPHS expects to offset continued weaker market demand conditions in H2 via "ongoing success with growth initiatives," seeing H2 volume growth of 1%-3%.
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