PolyOne Corp.'s (POL) reported a third-quarter net income of $49.6 million or $0.53 per share compared with a loss of $5.6 million or $0.06 per share in the third quarter of 2008.
On a comparable basis, before special items and the tax items noted below, PolyOne reported net income of $0.14 per share in the latest quarter, versus $0.13 per share of income reported for the third quarter of 2008. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.05 for the quarter. Analysts' estimate typically excludes one-time items.
The company posted 2009 third quarter revenues of $548.3 million, a 25% decrease compared with $735.1 million last year. Three analysts estimated revenues of $522.40 million for the quarter. The company expects demand to improve and combined with new business gains, it expects 2010 revenues to exceed 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.