A. Schulman, Inc. (SHLM) reported fourth quarter net loss applicable to common stock of $7.9 million or $0.30 per share, compared to net income applicable to common stock of $4.65 million or $0.17 per share last year.
Excluding unusual charges, net income for the 2009 fourth quarter was $5.4 million, or $0.21 per share, compared with $6.8 million, or $0.26 per share, for the prior-year period.
Income from continuing operations was $3.2 million or $0.12 per share, compared to $8.58 million or $0.32 per share in the same quarter last year.
On average, 5 analysts polled by Thomson Reuters expected the company to report earnings of $0.16 per share. Analysts' estimates typically exclude special items.
Net sales declined to $320.64 million from $495.75 million in the 2008 period. Two analysts estimated revenues of $296.79 million.
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