Plus   Neg

A. Schulman Inc. Profit Advances 13% In Q1

A. Schulman Inc. (SHLM) announced earnings for its first quarter that increased from last year.

The company said its bottom line advanced to $16.21 million, or $0.55 per share. This was up from $14.39 million, or $0.49 per share, in last year's first quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 12.4% to $674.62 million. This was up from $600.00 million last year.

A. Schulman Inc. earnings at a glance:

-Earnings (Q1): $16.21 Mln. vs. $14.39 Mln. last year.
-Earnings Growth (Y-o-Y): 12.6%
-EPS (Q1): $0.55 vs. $0.49 last year.
-EPS Growth (Y-o-Y): 12.2%
-Analysts Estimate: $0.44
-Revenue (Q1): $674.62 Mln vs. $600.00 Mln last year.
-Revenue Change (Y-o-Y): 12.4%

Full year EPS guidance: $2.00 - $2.20

For comments and feedback contact: editorial@rttnews.com

Follow RTT