A. Schulman Inc. (SHLM) reported that its first-quarter net income attributable to common stockholders increased to $17.03 million or $0.65 per share from $8.16 million or $0.31 per share last year.
Net income attributable to common stockholders before unusual
items increased to $19.70 million or $0.76 per share from $8.70 million or $0.33 per share a year ago.
On average, 4 analysts polled by Thomson Reuters expected the company to report profit of $0.43 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales decreased to $362.86 million from $388.32 million last year.
The company expects that net income for the second quarter of fiscal 2010 will be significantly better than the prior-year period.
For comments and feedback: editorial@rttnews.com