W.R. Grace fourth-quarter earnings beat estimates

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W.R. Grace & Co. beat Wall Street estimates in the fourth quarter with an 11 percent increase in profit driven by higher sales in its catalyst business. The Columbia-based chemical and materials manufacturer reported a $12.8 million profit, or 18 cents per share. After adjusting for an accounting method related to its pension plan, Grace reported net income of $118.9 million, or 95 cents per share. Analysts polled by the Thomson Financial Network had expected adjusted earnings of 94 cents per share…