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Neenah Paper, Inc. Q1 Profit Decreases, but beats estimates

Neenah Paper, Inc. (NP) reported earnings for first quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $5.7 million, or $0.34 per share. This compares with $8.3M, or $0.49 per share, in last year's first quarter.

Excluding items, Neenah Paper, Inc. reported adjusted earnings of $10.6M or $0.63 per share for the period.

Analysts on average had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 25.5% to $284.8M from $227.0M last year.

Neenah Paper, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $5.7 Mln. vs. $8.3M. last year.
-EPS (Q1): $0.34 vs. $0.49 last year.
-Analyst Estimates: $0.37
-Revenue (Q1): $284.8M vs. $227.0M last year.

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