A. Schulman Inc. (SHLM) reported second quarter adjusted EPS of $0.27 after the close Monday, down from $0.38 a year ago. The consensus estimate was for EPS of $0.40. The company also reduced its full year 2013 adjusted EPS forecast to between $2.08 and $2.13, from prior expectations of $2.14 to $2.19. The consensus estimate is for EPS of $2.18.
A. Schulman gapped open sharply lower Tuesday and fell during the first 45 minutes of trade. The stock finished down by 3.82 at $25.93 on the highest volume of the year. A. Schulman sank to a 4-month low and dropped below its 200-day moving average.
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