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Neenah Paper, Inc. Q1 adjusted earnings Beat Estimates

Neenah Paper, Inc. (NP) revealed earnings for first quarter that dropped from the same period last year.

The company's bottom line came in at $8.3 million, or $0.49 per share. This compares with $164 million, or $0.97 per share, in last year's first quarter.

Excluding items, Neenah Paper, Inc. reported adjusted earnings of $17.7 million or $1.04 per share for the period.

Analysts had expected the company to earn $0.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.8% to $227.0 million from $233.6 million last year.

Neenah Paper, Inc. earnings at a glance:

-Earnings (Q1): $17.7 Mln. vs. $19.0 Mln. last year.
-EPS (Q1): $1.04 vs. $1.12 last year.
-Analysts Estimate: $0.74
-Revenue (Q1): $227.0 Mln vs. $233.6 Mln last year.

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