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Neenah Paper, Inc. Q1 adjusted earnings Beat Estimates

Neenah Paper, Inc. (NP) revealed a profit for its first quarter that advanced from the same period last year.

The company's profit totaled $16.4 million, or $0.97 per share. This compares with $11.8 million, or $0.69 per share, in last year's first quarter.

Excluding items, Neenah Paper, Inc. reported adjusted earnings of $19.0 million or $1.12 per share for the period.

Analysts had expected the company to earn $0.90 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.5% to $233.6 million from $239.7 million last year.

Neenah Paper, Inc. earnings at a glance:

-Earnings (Q1): $19.0 Mln. vs. . last year.
-Analysts Estimate: $0.90
-Revenue (Q1): $233.6 Mln vs. $239.7 Mln last year.

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