Energy storage systems maker Polypore International Inc. (PPO: Quote), Tuesday reported second-quarter net income of $20.5 million or $0.43 per share, compared to $29.5 million or $0.63 per share in the prior-year period.
Adjusted net income was $23.9 million or $0.51 per share, compared to $29.4 million or $0.63 per share in the prior-year period. On average, 10 analysts polled by Thomson Reuters expected earnings of $0.54 per share for the quarter. Analysts' estimates typically exclude special items.
Sales were $185.8 million compared to $196.4 million in the prior-year period. Excluding the effect of foreign currency translation, sales decreased 1 percent. Analysts estimated revenues of $185.63 million for the quarter.
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by RTT Staff Writer
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