Polypore International Inc. (PPO) reported fourth quarter adjusted EPS of $0.43 after the bell Wednesday, down from $0.58 a year ago. The consensus estimate was for EPS of $0.52. The Board of Directors has authorized the Company to repurchase up to 4 million shares of common stock by December 31, 2013.
Polypore International gapped open lower Thursday and is now down 3.43 at $36.52 on above average volume. The stock has fallen to a 3-month low and has dropped below its 200-day moving average.
by RTT Staff Writer
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