A. Schulman Inc. (SHLM: Quote) reported second quarter adjusted net income of $0.38 per share after the bell Wednesday, down from $0.39 per share in the prior year period. The consensus estimate was for EPS of $0.44.
A. Schulman Inc. gapped open lower Thursday and declined until around 1:30PM. Shares finished down by 3.96 at $23.89 on the highest volume of the year. The stock dropped to over a 2-month low and fell below its 50-day moving average.
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by RTT Staff Writer
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